- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@rpctmc wrote:
Home was appraised @ 155k, payoff 129,603 and I bought out each sibling for 5k each.
Was this a date-of-death appraisal? If so, you would most likely use that as your initial cost basis and then add the total you paid your siblings (presumably $15,000) in order to arrive at your basis for depreciation.
‎April 13, 2023
10:41 AM
317 Views