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Rental property not depreciated. bought value 355k (bought 7/1/2003, land value 100k. I checked TT scheddule E, the property didn't depreciate at all.
bought value 355k (bought 7/1/2003), land value 100k. Turn to rental property 2018. I enter purachse value 355k. The house over 15years increase about 100k, Market value 450k or plus. The land value 100k. Then I checked TT scheddule E, it only use purachased price to do depreciation.
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‎June 1, 2019
9:32 AM