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This can become very complicated depending on facts and circumstances. My advice is to enter 50% of the cost of the rental home and 50% of the land so that your depreciation calculations are correct every year as suggest by @MinhT1.
Some expenses are fully rental while others may be a lower percentage which can also complicate the end results for your rental property. Time used for rental purposes is a factor that may not apply when using 50% of the rental itself and not a number of days.
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March 11, 2025
1:45 PM