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I rent out a room in my home and take depreciation. My property is worth about 150K more now. Can I change the depreciation value somehow?

 
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DDollar
Expert Alumni

I rent out a room in my home and take depreciation. My property is worth about 150K more now. Can I change the depreciation value somehow?

No, you can't change the depreciation.  It's based on cost basis.  Although your home is now worth more, the basis didn't increase.

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