grnize
Level 1
05-10-2020
02:47 PM
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I need help understanding how to depreciate a previous rental property
The property was a rental from 2015-2016 and than owner occupied until 3/3/2019. It is now a rental again.
Do I continue the old depreciation schedule? The owner add a downstairs unit and ungraded the kitchen since than and the property is now worth $2.2MM instead of the original $605K
Best Answer Click here
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