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Investors & landlords
I believe you're waaaaaay over thinking this. I refer to this as "complexified simplification". That's where one takes something that is simple and straight forward and makes it as complex as humanly possible. Kinda like instructions I've seen for how to open a car door. (About 27 steps in those instructions.)
I thought everyone was saying add a $1 to the original cost.
No. I said to add ***AT*** ***LEAST*** $1 to the original cost. In my example, You can sell the land for $20,001 ($1 over it's original cost), the structure for $80,001($1 over it's original cost) then sell the roof for $$99,998 and the net result still totals a sales price of $200,000 and all depreciation is correctly recaptured as it should be.
‎February 9, 2022
11:59 AM