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Updated over 4 years ago on . Most recent reply
How to Know Your Land Value vs Home Value
Hi everyone, Can someone explain to me how you're supposed to know the exact value of your home vs the value of the land? As far as I know when tax time rolls around on the depreciation deduction, the land value isn't considered. I'm also wondering how you find this out for a cash out refinance in the future. Where can you see the exact value if it appreciates? Thanks!
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Basit Siddiqi
#4 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
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#4 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
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Basit Siddiqi
#4 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#4 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
@Daniel Sabato
The IRS/tax courts have deemed 6 different methods to calculate value between building and land.
- Basit Siddiqi
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Basit Siddiqi CPA
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