- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Since FMV of the property is greater than your cost basis back in 2014 + subsequent improvements, for tax purposes you use the cost for depreciation of the building and improvements, not FMV. Only if FMV was less than cost would that be used.
March 5, 2024
9:19 PM