Reply
Valued Member
turion65x
Posts: 39
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
Barris
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.

 

Valued Member
turion65x
Posts: 39
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 .....

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+