JJ548
Returning Member

Investors & landlords

As I mentioned originally the asset was sold. It was not fully depreciated. It’s on a 27.5 year schedule starting in 2003 (converted to rental in 2005). 

the only way it would be overly depreciated is if I took advice to put in the 50% share of cost basis but actual amount I’ve depreciated (based on full cost basis) from 2005-2020.