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Updated over 9 years ago on . Most recent reply

User Stats

65
Posts
10
Votes
Matt Kvalheim
  • Accountant
  • Tustin, CA
10
Votes |
65
Posts

Depreciation Question - Multifamily

Matt Kvalheim
  • Accountant
  • Tustin, CA
Posted

Hello everyone

I am purchasing a multifamily property in a couple weeks and  I am wondering - how much depreciation expense can I take in the first year (2015 tax year)?  Since I am closing in late November, will I only be able to take 1 month worth of depreciation (calculated at the improved value over 27.5 years)?  Or will I be able to claim a larger amount this first year?

Thanks!

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