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Updated about 4 years ago on .
Figuring out Depreciation
Hello BP!!!!! I'm trying to figure out my depreciation for the upcoming tax year.
I've only owned the rental since August 2020. I'm under the impression that you add
purchase price + rehab costs and - land value. Since I've only owned the property'for
5 months would I only be able to depreciate for the time I've owned it? Thanks
I've only owned the rental since August 2020. I'm under the impression that you add
purchase price + rehab costs and - land value. Since I've only owned the property'for
5 months would I only be able to depreciate for the time I've owned it? Thanks