When you acquired a rental home, the cost basis is divided into land (not depreciable) and improvements (the house itself) which are depreciable over 27.5 years.
The most common way to apportion the cost basis between these two parts is to prorate the cost basis using the respective values of land and improvements in the Appraisal district latest appraisal at the time of acquisition. You then keep these same values during the useful life of the home.
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