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Valued Member
turion65x
Posts: 34
Registered: ‎08-21-2012

Simple Question... About deprecation taxes

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‎03-17-2013 02:49 PM

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.

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Established Member
Barris
Posts: 113
Registered: ‎12-04-2012

Re: Simple Question... About deprecation taxes

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‎03-18-2013 04:02 AM

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

 

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Valued Member
turion65x
Posts: 34
Registered: ‎08-21-2012

Re: Simple Question... About deprecation taxes

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‎03-18-2013 02:45 PM

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

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