- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Sorry for not expressing myself clearly. The purchase cost of the condo apartment (one unit of 32 in the building) was $380K. Which included $120K downpayment and $260K mortgage. Tax preparer mistakenly put $120K (down payment only) as a cost basis. Depreciation was wrongly calculated based on this value. I am looking for a way to correct it. Thank you
‎January 9, 2022
1:32 PM