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Updated over 2 years ago,

User Stats

10
Posts
2
Votes
Paul Costa
Pro Member
  • Investor
  • Georgia, SC
2
Votes |
10
Posts

Depreciation calculation. Original or refinance

Paul Costa
Pro Member
  • Investor
  • Georgia, SC
Posted

We were living in our house, bought in 2014, when we refinanced it in 2017. Moved out and rented it in 2019. It has been rented since 2019. Should our basis amount for depreciation be the original purchase price or the refinanced amount?

  • Paul Costa