At 70 He'll Sell the Rental House He's Owned Since 2004. The Depreciation He Never Bothered to Claim Will Still Be Taxed, Because the IRS Counts What He Could Have Taken

At 70 He'll Sell the Rental House He's Owned Since 2004. The Depreciation He Never Bothered to Claim Will Still Be Taxed, Because the IRS Counts What He Could Have Taken

He skipped every depreciation deduction for two decades, assuming that meant nothing to repay when he finally sold. The IRS has a different definition of what he took.