Depreciation on a rental that already shows a loss isn't wasted, because passive losses carry forward.
David Wiener explains that for owners whose main job isn't real estate, rental losses are generally passive. They can't offset a paycheck this year, but they carry forward, and the ones still waiting generally get freed up when the property is sold.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504, option two
This is educational content, not tax advice for your situation. Talk to your tax professional.