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I bought a rental, but was still renovating it in 2016. What do I put for depreciation if it wasn't done in 2016? Can I still depreciate it? It is now rented in 2017.
I understand that all costs go into the cost basis, but what about costs incurred in 2017? Does it change next year? I know the total cost now.
‎June 4, 2019
1:05 PM