https://ttlc.intuit.com/community/taxes/discussion/cost-and-land-values/01/351889#M146869 <P>I bough the condo in 2009 and lived there until 2016. Then I rented it out. In form 4562 for depreciation, the cost and the land value of the condo should be the values at the time it was bought or at the time when it was rented out?&nbsp; The values are different.<BR /></P> Mon, 03 Jun 2019 20:36:28 GMT Duanzhuang 2019-06-03T20:36:28Z https://ttlc.intuit.com/community/taxes/discussion/cost-and-land-values/01/351889#M146869 <P>I bough the condo in 2009 and lived there until 2016. Then I rented it out. In form 4562 for depreciation, the cost and the land value of the condo should be the values at the time it was bought or at the time when it was rented out?&nbsp; The values are different.<BR /></P> Mon, 03 Jun 2019 20:36:28 GMT https://ttlc.intuit.com/community/taxes/discussion/cost-and-land-values/01/351889#M146869 Duanzhuang 2019-06-03T20:36:28Z https://ttlc.intuit.com/community/taxes/discussion/the-values-used-for-land-and-improvements-the-condominiu/01/351898#M146873 <P>The values used for land and improvements (the condominium itself) are your cost bases, i.e. the values at the time you bought the property.</P> Mon, 03 Jun 2019 20:36:30 GMT https://ttlc.intuit.com/community/taxes/discussion/the-values-used-for-land-and-improvements-the-condominiu/01/351898#M146873 MinhT 2019-06-03T20:36:30Z