Got it, the property I purchased was in the state of WA but I live in NY now so maybe that's what is causing the confusion? To sum up the whole conversation, the depreciation amount would be:
Purchase price: 565,000
Seller paid closing credit: -16,950
Title - Settlement or Closing Fee to Endpoint Closing: 800
Title - Sales Tax for Closing or Settlement Fee to Endpoint: 84
Title - Sales Tax for Lenders Coverage to Endpoint: 87.47
Total depreciation cost basis amount: $549,021.47
Is this right? Thanks!
