- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No, it is not $2560. Are you using TurboTax? It does the math.
As for how to depreciate it, you should re-start the depreciation (27.5 years) using the LOWER of (a) the ADJUSTED Basis or (b) the Fair Market Value when it was converted to a rental in 2020
ā€ˇFebruary 7, 2021
1:17 PM