Investors & landlords


@Anonymous_ wrote:

Who agrees and where is the authority for that proposition? Please don't provide a link to any IRS instructions as they are not authoritative.

 

 

While I'm not 100% certain and offhand I don't have any citations, I agree with George, at least in regards to the depreciable Basis.

 

For example, shipping and installation costs are added to Basis because those are what are required to put it "in service".  Likewise, the pre-rental expenses are what are required to put it "in service".

 

Again, I am not 100% certain of that and I don't have any citations right now, but it seems logical to me, at least for the depreciable Basis (whether or not the Basis for gain/loss would be different, I have no idea and you very well could be right).