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All Forum Posts by: Vikranth Biradar

Vikranth Biradar has started 6 posts and replied 12 times.

Post: Calculating depreciation in Real Estate

Vikranth BiradarPosted
  • New to Real Estate
  • San Francisco, CA
  • Posts 12
  • Votes 10

Hi all, I am beginning to learn about RE investment and have a couple of questions. Let's say I bought a residential rental property for 1 million. I don't qualify for REP status so I will be taking normal depreciation.

  1. 1. How is my depreciation calculated? Is it 1 million/27.5 or do we omit the land value and divide by 27.5?
  2. 2. Let's say below is my yearly depreciation
    2021: -$10,000
    2022: -$10,000
    2023: -$10,000

    As I had no other passive income I couldn't take the depreciation, but in 2024 if I have a passive income can I take the depreciation from all the previous years or only the past year?

Post: Great cities for starting investors

Vikranth BiradarPosted
  • New to Real Estate
  • San Francisco, CA
  • Posts 12
  • Votes 10

What are people's thoughts on Denver, CO and Phoenix, AZ?