I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then converted to rental in 2016Details:Purchased in 2014loan was refinanced in 2015  We began depreciating in 2016 tax year, the year we began renting the home as landlordstax preparer for 2016 taxes entered basis amount based on 2015 assessment, not assessment from purchase year or for the 2016 assessmentunsure if bases was set correctly and whether to carry through that same basis or pull current year assessment for this and subsequent tax yearsTurbo Tax seems to be steering me towards using the purchase year assessment for the basis for depreciation.  

If you are local... you can check with Crane Federal Credit Union, but they only work with Indiana residents.

Hello All,My name is Ryan and I am a 30 year old audiologist residing in Milwaukee. 

Hi Japan based investors:I am a US citizen and permanent resident in Japan.

@Samuel Pascal Where do you reside currently ?

Plus, it's a lot cheaper to build by buying a new manufactured home and putting it on a permanent foundation.

A residence would be 1% cap of assessed value while a rental house would be 2%.

R, A and B.In 2010, we converted our primary residence R to rental.

I have done it three times for my primary residence over the years. 

Doing our first flip in Scottsdale Arizona and the neighborhood is a mix of the residents that are not quite senior citizen but near or at retirement age and families with teenage to older children.