Property held as a personal residence cannot be depreciated.

Name: Property held as a personal residence cannot be depreciated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property held as a personal residence is generally not eligible for depreciation because it is considered a personal asset rather than a business asset. However, if a portion of the residence is used for business purposes (such as a home office or rental unit), that portion may be eligible for depreciation.

Property Held as a Personal Residence Cannot Be Depreciated