Frustrated-in-I L
Level 9
02-18-2024
03:58 PM
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If I am understanding you correctly, this is what I do.
Leave the percentages alone. As Lisa alluded to, at some point you will need put stuff back in. Who can remember what that will be X number of years from now? Since this is depreciable real property, I take the undepreciated basis and put it/add it to land. I make a sub-schedule indicating the amount and date it was done. That will stop all depreciation. If it is ever placed back into service, I know what I have to remove and whatever other modifications I will need to do at that time to make things calculate correctly again.