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Simple Question... About deprecation taxes

Valued Member

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.


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


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2 REPLIES
Established Member

Re: Simple Question... About deprecation taxes

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

 

Valued Member

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 .....