bought value 355k (bought 7/1/2003), land value 100k. Turn to rental property 2018. I enter purachse value 355k. The house over 15years increase about 100k, Market value 450k or plus. The land value 100k. Then I checked TT scheddule E, it only use purachased price to do depreciation.
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It is only suppose to use the lessor of the purchase price or the fair market value when it became a rental.
Make sure that you have the property as 100% business from converted to a rental, as this might be why no deprciaiton is showing up. So 0 days personal and all 100% business.
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