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Get your taxes done using TurboTax
This is an edited answer.
The 50% of the property that was acquired in 2021 will need to be depreciated under your ownership. 2021 will be the first year of depreciation. Residential rental property is depreciated for 27.5% years. The original portion of the property will continue to be depreciated as it had been before you acquired the other 50%.
[Edited 02/12/22 | 11:42 AM PST]
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‎February 12, 2022
9:16 AM