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Depreciation from adjusted cost basis

if depreciation taken from basis cost of rental property but the adjusted basis cost was used to determine depreciation, how do you account for depreciation of improvements?

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1 Reply
Anita01
New Member

Depreciation from adjusted cost basis

You add improvements as new assets,  They an be specific improvements or general remodels that include many things that were remodeled, and you could just call the new asset 2018 remodel if you wanted.  They're depreciated over 27.5 years,, same  as the underlying residential property.

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