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Investors & landlords
What you need to check, is the amount of depreciation taken. If the depreciation amount is right, that's what matters. It's easy to check, and I can probably do it quicker if you just provide me the numbers.
I see you have an in service date of 6/28/2021. So for the property asset what numbers do you have entered for COST and COST OF LAND?
I'll be using the worksheet on page 37 of IRS Pub 946 at https://www.irs.gov/pub/irs-pdf/p946.pdf along with table A-6 on page 72.
Let's see if we come up with the same numbers.
‎April 4, 2022
3:37 PM