MonikaK1
Expert Alumni

Get your taxes done using TurboTax

Check your deed and other ownership documents. Contact the HOA if you don't have a copy of the documents that describe the allocation of the land ownership. Typically, there is a land allocation even for an upper floor condominium if the property has common grounds.

 

Does your property tax bill actually have a land breakout that shows zero allocation? Contact the local tax assessor's office for any questions about the bill.

 

See this TurboTax tips article for more information about deducting rental depreciation.

 

 

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