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If you had this asset in service prior to 2016 then nothing on the depreciation schedule has changed ... you will use the same info for the date placed in service.
Rent house was flooded in 2016.
When in 2016? Were there tenants living there at the time?
Was the property uninhabitable after the event?
If so, did the tenants move out?
Was there an insurance payout?
Was the property rebuild or restored?
If restored or rebuilt, when was the property once again habitable?
Claimed deduction on 2016 tax.
Deduction for what exactly? Need details because there's to many assumptions I can make here since one claims deductions on rental property every year, flood or no flood.
What to put for 2017 cost when acquired on line 3 on asset entry worksheet; date placed in service?
When what was placed in service? Was there a total from the ground up razing/reconstruction here? Again, to many possible assumptions can be made here. Need facts.
If a loss was involved there's specific ways things have to be handled and reported. Then if there was reconstruction of all or any part of the asset, that has to be reported in specific ways too. It all comes down to the details.
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