Reply
Valued Member
Posts: 44
Registered: ‎08-21-2012
0

Simple Question... About deprecation taxes

Just to confirm if deprecation on my taxes can be recalculated in my gross income when lenders review my file in order to increase my income to debt ratio ? Thanks in advance.


Starting Score: 660
Current Score: Gardening Mode! as of 8/25
Goal Score: 725+


Take the FICO Fitness Challenge

Gardening .....
Established Member
Posts: 113
Registered: ‎12-04-2012
0

Re: Simple Question... About deprecation taxes

Yes, it can be recalculated with your gross income when your lender takes a peek at your credit.

 

Highlighted
Valued Member
Posts: 44
Registered: ‎08-21-2012
0

Re: Simple Question... About deprecation taxes

WHat kind of items can you add as deprecation instead of properties and cars? And is there a limit ?


Starting Score: 660
Current Score: Gardening Mode! as of 8/25
Goal Score: 725+


Take the FICO Fitness Challenge

Gardening .....
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.