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wonderdawg49
New Member

If I purchased a rental property in 1999 and refinanced it in 2015 what figures do i use for the acquisition cost? What year does depreciation begin?

 
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Anita01
New Member

If I purchased a rental property in 1999 and refinanced it in 2015 what figures do i use for the acquisition cost? What year does depreciation begin?

Your purchase price and date placed in service do not change due to refinancings.  You use the original purchase price and the same date placed in service to calculate depreciation.

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Anita01
New Member

If I purchased a rental property in 1999 and refinanced it in 2015 what figures do i use for the acquisition cost? What year does depreciation begin?

Your purchase price and date placed in service do not change due to refinancings.  You use the original purchase price and the same date placed in service to calculate depreciation.

View solution in original post

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