John Noble
Depreciation correction on duplex
Owner occupied duplex. 50% rental, 50% owner occupied. $100K home. $40K basis for depreciation. Moved out 5 years later = 100% rental. Problem = I just kept going on the same depreciation schedule but listing the...
Tony H.
Need help with depreciation
Hi BP,I cant seem to find an answer to my situation here, unless I missed it. Here is the problem. When I acquire the my duplex back in 2017, the tax assessment for the land was about 50k.I subtracted that from my pur...
Horacio Gutierrez
When to depreciate property
Hello,When do you start depreciating your rental property is it when you buy the home that's when the 27.9 years start to depreciate. Also can you only depreciate a property meanwhile you have a loan or that doesnt ma...
Daryl Byerly
Depreciation For Rental Property
Hi everyone, This is more a tax question than anything. I have a non owner occupied rental property in Florida that I acquired from a inheritance back in 2017. When doing the depreciation on my taxes for the property...
Jordan Becker
Multifamily Financing and Depreciation
Hi, I'm a newbie trying to get into multifamily rentals with a partner, and have a couple of questions:1) When you buy a small commercial multifamily property (say 50 doors or less), how much in liquid assets does a l...
Bill Schrimpf
Mobie Home - Accellerated Depreciation
Will a mobile home, newly purchased from the factory put to use as a rental, that is not immediately converted to real property, qualify for the 2017 accelerated deprecation, since it's personal property ? If the ans...
Jason L.
Can I can depreciation?
Hello BP fam, I bought my first real property in Oct. 2014, am I able to claim deprecation for this time. I have read some places that have said you can not claim depreciation during your first and last year of owner...
Ryan Ackerman
Depreciation and appreciation help
Hi all I have been doing as much reading and research to learn as much as I can about real estate investing. I understand most of the lingo and figures used to calculate cash flow yields and Roi, I was just hoping
th...
Arthur D.
W-2 and depreciation
Hi there friends.I've purchased my first property late last year. My only income was months rent Dec. So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc. About $15k. I ...
Brown Nathan
Depreciation Land Vs Building
I have always been using a 85% building and 15% land value for calculating my depreciation basis. Now my accountant is saying I have to use the tax basis and the county is assessing most properties in my county at 50%...