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Investors & landlords
Thank you! Those are essentially the calculations I was planning on doing. I suppose my main concern is whether I can change the ‘original cost’ of the structure to 32% of what it has always been- or if that would cause problems or red flags somewhere.
The only way Turbo Tax will show the original cost at 32% in the ‘disposal of assets’ section is if I change the ‘original cost’ in the depreciation section. However- I’ve always had 100% of the cost of the duplex there and I’m not sure if changing that original cost in the depreciation section could cause any problems or red flags.
March 2, 2020
4:51 PM