> It's worth noting that if you depreciate like this, it counts against the basis of your property. It's also worth noting that if depreciation was allowable a

> It's worth noting that if you depreciate like this, it counts against the basis of your property. It's also worth noting that if depreciation was allowable and you didn't take it, it still decreases the basis. Your basis is reduced by depreciation deductions allowed or allowable. https://www.irs.gov/publications/p551#idm140622807378608 https://www.irs.gov/publications/p551#idm140622807378608 If you don't want to take depreciation (for whatever reason), you need to change the facts and circumstances such that depreciation would not be allowable under the facts.