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Updated over 10 years ago,

User Stats

688
Posts
467
Votes
Paul Ewing
  • Investor
  • Boyd, TX
467
Votes |
688
Posts

Placed in Service Date

Paul Ewing
  • Investor
  • Boyd, TX
Posted

Trying to figure start date for IRS depreciation.

Purchased late July 2014 but work needed before renting

Prospective tenant stops by while I am working on it in mid August, likes it and, puts down a deposit in mid August.

Work almost complete in mid September and tenant signs a lease to begin occupancy on October 1, 2014.

When was this home Placed in Service for depreciation start date?  From what I am reading in the Nolo guide it would be September, but may be August on the initial showing and deposit?  Any opinions?

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