Insight
The president suggested allowing homeowners to claim depreciation on their personal residences, similar to how it works for investment properties.
Trump Floats Personal Residence Depreciation—A Big Move That Can Unlock Savings For Investors
Summary
President Trump floated the idea of allowing homeowners to claim depreciation on their personal residences, potentially offering significant tax savings. If enacted, this could be a double benefit for real estate investors who also own their homes. However, the proposal is still in the early stages, with many details needing to be worked out by Congress.
Key takeaway