If you rent a rental property, you may deduct the entire amount of depreciation available to you. Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. You can depreciate your rental property if it meets all the following requirements: 1  You own the property.
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Customer Care Center Assists members and providers with benefits, eligibility, primary care physician assignments, or claim informationCustomer Care Center Phone Numbers ï­Member: 888-292-4480 ï­Provider: 888-292-4487 ï­TTY: 888-292-4485 Available Monday through Friday from 7 a.m. to 6 p.m. CT 59.