I bought a rental property for $5000 but it had $8000 in back taxes. I put 10,000 in it to make it livable. Can add up all my expenses to claim depreciation on my taxes.

mahonekevin · ‎June 4, 2019

Vanessa · ‎June 4, 2019

Yes, these costs are included in the cost basis of the home and depreciated as part of the home.

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Vanessa · ‎June 4, 2019

Yes, these costs are included in the cost basis of the home and depreciated as part of the home.

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