Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Chris Clemptor
  • Minneapolis, MN
1
Votes |
8
Posts

More questions about depreciation

Chris Clemptor
  • Minneapolis, MN
Posted

Thanks to everyone who responded before, this forum is so great. I'm a first time landlord, I rent out half of my house.  I'm trying to find out my depreciation number and more questions have come up. I understand I can deduct the expenses of buying the house initially like loan origination fees/appraisal etc.  I initially bought the house 6 years ago with my brother who was on the loan with me.  1.5 years after I bought it I refinanced it in my name only and he moved out.  I am guessing I could include the costs associated with the refinance but not the original loan fees since they are kind of the same thing? 

How are outdoor improvements considered for deductions when you share a house with renters?  I'm assuming it's split 50/50? 

Also I'm wondering how I depreciate improvements I made to the property after the tenants moved in, and improvements I make into the future.  Do they each get their own 27.5 year depreciation period?

Some examples are after my tenants moved in, (all my own labor)  I added a hand rail to a fence/railing I have going along stairs about $ 225 worth of materials. I added a lot of stucco to the outdoor walls $200, cabinet lighting in their kitchen $300, fence,pergola for deck that blocks neighbors view, $200.  Would these each have their own 27.5 year depreciation starting from the date they were installed?

Loading replies...