"tex shalter" <a...[at]invalid.com> wrote:

- quote -

No. Personal use property cannot be depreciated. At least
2/3 of the condo is personal use property.

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"tex shalter" <anon[at]invalid.com> wrote:

- quote -

no

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

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"tex shalter" <anon[at]invalid.com> wrote:

- quote -

No. It will be a mixed use second home/rental. See IRS
Publication 527.

--
Phil Marti
Clarksburg, MD

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I am planning to buy & finance a 3 bedroom condo for two
sons at the same college.

If we rent 1 room out to a student-friend, can the entire
condo qualify as investment property with depreciation ?

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