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    depreciation deduction

    FENER
    Level 2

    client made $ 40,000.00 in renovations in a residential rental property apartment 

    he occupies 1/3 of the property or 1 apartment

    how much depreciation can he deduct besides the normal amount

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    dkh
    Level 15

    Were renovations done to the apartment he occupies ?  If not then 100% of renovations would be depreciable.   If yes, how much were the renovations to the apartments being rented ?   Or use the same % for renovations as is being used for the building.

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    3 Comments 3
    dkh
    Level 15

    Were renovations done to the apartment he occupies ?  If not then 100% of renovations would be depreciable.   If yes, how much were the renovations to the apartments being rented ?   Or use the same % for renovations as is being used for the building.

    IRonMaN
    Level 15

    How much of the cost of the property were you depreciating before the renovations?


    Slava Ukraini!
    FENER
    Level 2

    thank you for your response

     

    Fener