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.  

I'm worried this will cause a large "increase" in income for 2017 and a large "loss/deduction" in 2018.

@Lane Kawaoka Overall, this is a stable rental market with slow rent increases (lots of supply).

My personal residence has increased in price in the last few years and you probably know this doesn't occur often in Japan.

Your IRA makes an offer and subsequently closes on the property. 

When you buy an apartment complex you look for ways to increase that NOI which in turn increases the value of the property  (AKA forced appreciation). 

And how big of a DMM list you think is good to start with to increase my probability of a getting a response and getting quality leads?

If your taxes get raise, increase rents next time the lease come up.

The basis of the property increases 10% of your original gain at the 5 year mark, another 5% at the 7 year mark, and after 10 years the gain is capped off. 

Yes the property does get the mortgage and such paid (a slight loss each month, but just increased the rent so for the short term renter we have we are making a positive cash flow, but only for a few more months).I will definitely be asking questions and trying to get our portfolio growing.