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I inherited a duplex in 2009, started renting it out 1 side in 2018, can I depreciate that half of the duplex even though I have no mortgage and Paid nothing for it?
In the rental agreement I stipulate that the renter gets the use of one of the two garages and has 1/2 access to the laundry/ storage room. I have essentially split the property in half.
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‎June 6, 2019
12:38 AM