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Can an owner fully depreciate a rental house more than once when fully renovated like new again?
I have owned the rental home over 41 years and fully depreciated it. My renters have moved out and I have gutted the place and renovated it to modern standards (new kitchen, new bathrooms, etc). Can I start depreciating the house once again over a 27.5 year period?
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‎June 4, 2019
2:26 PM