Depreciation can be one of the most misunderstood aspects of owning a business or rental property, and mishandling it can lead to IRS headaches, audit risk, or unexpected capital gains. 

In this episode, Jim Sumpter, CFP®, breaks down how depreciation really works, including how it’s calculated, what qualifies, and what happens if you skip it.

Whether you’re renting out a home, replacing a roof, or writing off new gear, understanding the depreciation timeline is critical. Jim also covers recapture rules, Section 179, bonus depreciation, and how your decisions today could impact what you owe tomorrow.

Here’s what else you can expect from the episode:

Connect with Jim Sumpter: