Can You Depreciate Personal Residence?

Seeking clarity on Can You Depreciate Personal Residence? Read the key details for easy understanding.

Normally, a property can only be your main residence if you live in the property and treat it as your main residence. However, under the 6 year absence rule, you can still treat the property as your main residence even if you are absent from the property indefinitely if the property is not rented or up to a maximum of 6 years if rented.

Related Stories

About Author

Chloe Bennett

Chloe Bennett

Chloe Bennett explores the intersection of pop culture, streaming entertainment, digital trends, and contemporary lifestyle. Her weekly commentary reaches thousands of culture enthusiasts.

Read More →