You are not wrong in general about the tax code favoring those with certain kinds of housing wealth. But in particular regarding depreciation, the IRS will dem

You are not wrong in general about the tax code favoring those with certain kinds of housing wealth. But in particular regarding depreciation, the IRS will demand depreciation recapture at time of sale whether you actually took depreciation at any point in the property history or not. So if you don't want to pay double taxes you have to take the depreciation every year.