I am not worried with how I handled the improvements or improvements that were depreciated separately.
My posting was trying to clarify how to handle the 50% buyout from my parents. You mentioned I should have started depreciating my new "half" using my purchase price (minus Land). Would you mind an example of what numbers you think my new "half" purchase price is and what (minus Land) number should have been used for depreciation. Of the new purchase price of $45,000, $29,250 was continually depreciated for the entire 30 year period. Only the additional $15,750 (representing 50% of the gain has not).
