hmbwoodman
Returning Member

Depreciation

This rental property was purchased in 1993 as a personal residence.  It was converted to a rental property in 2019. The total purchase price in 1993 was $278,000.00 but I can find no information in my files or online that shows what part of the original purchase price was for the land and what part was for the improvements.  I tried several of the online property search vendors but none were able to provide the needed information.  The property tax records at the county tax assessor's office only go back to 2008.   Is there a standard protocol for this situation or am I simply left with crossing my fingers and taking a wild guess?