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21mat5
Level 3

Do I need to subtract the value of the land when I depreciate a rental property improvement? (installed new insulation).

 
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‎June 3, 2019 1:36 PM
last updated ‎June 03, 2019 1:36 PM
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KarenJ
Intuit Alumni

Do I need to subtract the value of the land when I depreciate a rental property improvement? (installed new insulation).

No, the value of the land has already been subtracted from the value of the building.  So you do not consider that when you depreciate your improvements.

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‎June 3, 2019 1:36 PM
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KarenJ
Intuit Alumni

Do I need to subtract the value of the land when I depreciate a rental property improvement? (installed new insulation).

No, the value of the land has already been subtracted from the value of the building.  So you do not consider that when you depreciate your improvements.

‎June 3, 2019 1:36 PM
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