When I divorced I bought my-ex's half of the house. Now I am renting the house. Can I use the full value of the house to calculate depreciation?

[Coleen3 · Accepted solution]

Your basis will be made up of two parts since you purchased half at one price and the other half at a second. 

• 50% of the original purchase price,
• 50% share of the house.which is the amount you are paying your husband

When you covert a personal property to rental use, you take the lower of your adjusted basis or FMV at the date of conversion.