Quick question here. When accounting depreciation on a property can you depreciate the appraised value of the home or only the equity invested.  Thanks !

Hello, I am new here and looking for help.  If this is the wrong platform forgive me.  I am an active three year STR investor with 4 current STR properties.  In January of 2023 my business was sold.  :) Unfortunately,...

I know several people who have bought properties and kept them until they were paid off and sold them. Their plan is that they no longer get depreciation on this so it made sense to sell. One bought a new property and...

I think I know the answer to this, but is it correct that you cannot take bonus depreciation on a house older than 1986 build?  To me it would be new (i.e., acquisition in 2022) but its the build date, correct that is...

Last year I converted my primary residence into a rental property.   We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k.  Per the IRS, I need to use the $250k for de...

I refinanced my owner-occupied multifamily rental property last year and now I'm struggling on exactly how to report the closing costs. I have tried researching previous posts and other sources, but I haven't found an...

Howdy!I am a Real Estate Broker in Colorado. I have a seller that owns a duplex and is considering selling. He mentioned to me that there may be some new tax rules coming our way in October regarding depreciation. Som...

If you fully deprecate your property, then sell your property do you have to pay capital gains tax? 

Hi, I have a mobile home on about 2 acres of land.  It has been completely rehabbed with new AC, water heater, windows, flooring, paint, appliance, etc.  It was made in 1999.Now I am trying to decide whether I should ...

I believe the US Senate added HR 9395 (the bill to modify bonus depreciation back to 100% for 2023,2024 and 2025) as an amendment to the FAA reauthorization bill in the Senate. Does anyone know if this now has to go b...