Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000.  I'm hopeful a CPA on here or more experience...

Does anyone know how long the depreciation on an HVAC is for residential property? Im having trouble finding it. 

I bought a new roof and new flooring in 2012 for my rental in Houston and have been depreciating it every year. This year I sold the home for $136k and want to make sure I capture the correct cost bases. I paid $75k f...

Hello all, I'm new to the blog and new to real estate. I'm trying to learn as much as I can to set myself up for success. I have a quick question about depreciation. If you depreciate your property for tax purposes do...

 I bought and furnished a new rental property in 2019. I did use bonus depreciation for the cost of furniture, but I lumped the property improvements (mainly new hvac, water heater, windows) in with the building and ...

I'm wondering how you determine the depreciation on a rental.Let's say you buy a property that was just rehabbed and buy it for $100k and it gets appraised for $100k.You look at the tax assessment and it says the land...

The question is is it better to appreciate or depreciate?Single family rental in the Keys:Purchase price. $362,000Cash out of pocket. $4000Morgage and insurance $2000Rent. ...

Hello all, Basic questions for all your depreciation ninjas out there.  Suppose I have 4-plex, I have held for 4 years.  Is there a deprecation method utilized where the life of the building decreases with time (i.e. ...

I ran across this article this evening when I was researching some other tax matters:

Who says you can't depreciate land?

The basic procedure seems to be:

1. Split the improvements from the l...

I'm working on my Schedule E for last year. I have two properties. Property 1 was available for rent 11/15/16. Property 2 was available for rent 12/28/16. When calculating depreciation, it's my understand you can use ...