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Investors & landlords
You can use the values on your property tax assessment and enter $201,700 as the value of the "Improvement." You could also use the value of the property at the time it was put in service as a rental (if you have that information). The improvement is the house and other buildings, but not the land. Improvements can be depreciated, while land cannot.
‎February 18, 2021
7:03 AM