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Investors & landlords
Thank you. So I should subtract the assessed value from the assessed property value for the improvement amount? Or can I use my much higher actual purchase price instead? I originally put the 10,919 assessed value and left the improvement at 0 and was disappointed to see that my depreciated value was 0. I feel like this isn't right so trying to understand better how to get a tax break using these numbers. (Apologies as I'm not fully understanding what's good. Isn't zero bad? Don't I want some value here to be able to use it as a write off?)
‎January 17, 2024
6:26 PM