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Updated over 6 years ago on . Most recent reply

New depreciation rules?
Howdy!
I am a Real Estate Broker in Colorado. I have a seller that owns a duplex and is considering selling. He mentioned to me that there may be some new tax rules coming our way in October regarding depreciation. Something about basing depreciation on the original purchase amount or something. I have tried to find more info, but have not been successful. Is anyone else familiar with this?