Can I skip the rental house depreciation for a couple of years?

Hello,

I own a rental house and rented it out. I always took depreciation in the past years. However, I have a low income in 2022, so I am thinking to skip the house depreciation and absorb the rental income and pay tax on it to avoid the depreciation clawback when I sell it.

Is there any negative consequence for me to skip the depreciation for a couple of years except paying tax for the rental income now?

Thank you.

Investors and rental owners

Yes, you can skip taking CCA. It's not mandatory.

 

If you don't take CCA then the amount will stay in your UCC for future years.

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