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- Depreciation on section of three-story property turned from residential to rental? that went from
Depreciation on section of three-story property turned from residential to rental? that went from
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blh1218
Level 2
04-01-2022
03:42 PM
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There is a three-story building in which the owner originally occupied one apartment that later was rented, in other words a partial rental was turned into a full rental in 2021. The program did not calculate any depreciation on the property. How do I figure out the depreciation?
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blh1218
Level 2
04-01-2022
05:37 PM
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The 3-story, 3-apartment building was bought in 2014, the owner lived in one of the apartments and rented the other 2. In 2021 the owner vacated the apartment and rented the entire building. The tax program did not pickup the depreciation deduction in 2021,
