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Cost basis would be adjusted for the accumulated depreciation taken. Assuming you are calculating the adjusted basis for a sale of the property, the calculation goes like this:
Purchase Price - accumulated depreciation + Improvements= Adjusted basis. See link below for example.
Cost basis would be adjusted for the accumulated depreciation taken. Assuming you are calculating the adjusted basis for a sale of the property, the calculation goes like this:
Purchase Price - accumulated depreciation + Improvements= Adjusted basis. See link below for example.
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