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  • Re: I am trying to calculate my depreciation amount. From what I read it is the purchase price + closing costs. Can I include the closing cost if it is paid by the seller?
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Anonymous_
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Deductions & credits

See https://www.irs.gov/publications/p523#en_US_2022_publink100010751

 

You need to pay the costs in order to deduct them.

‎November 13, 2023 11:10 AM
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