TonyCRI
Level 1
04-02-2022
12:27 PM
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The first 10 years of an owner occupied 2 family residential rental property was depreciated on MACRS 27.5 years at 50% Basis. The owner has now moved out at the beginning of 2021 and both units were rented. Do I simply change the basis to 100% going forward? Will the depreciation calculate correctly for the remaining 17.5 years?
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