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Updated almost 2 years ago,
Quickbooks & property appreciation
Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time? It would be nice to have an accurate picture of total portfolio value on the books, and I know to change asset value requires more than just 'changing the number' in Q.B., but what gives? I suppose I can live with a more modest/conservative value in the balance sheet for now. But what about 15+ years down the road...? Wondering if I am the only one keeping my property values steady on the balance sheet.....