rental properties

Redcummings — Mon, 09 Mar 2026 08:38:11 GMT

When I was in the rental section, comment was made to take a expense instead of asset. Then when I did go back the questions did not pertain to the property rental. How is the depreciation calculated?

Re: rental properties

Cynthiad66 — Wed, 09 Mar 2022 18:45:53 GMT

You would have to provide additional information on what you plan to depreciate if you need specific assistance. However, here is some basic information and a link that could help you.

Depreciation is the process by which you would deduct the cost of buying or improving rental property. Depreciation spreads those costs across the useful life of the property.

Say you buy a building to use as a rental. Rather than take a single, large tax deduction in the year you bought the property, you would take a portion of the cost of the building as a smaller depreciation deduction each year.

A note about depreciation: You may have heard people use the word "depreciation" to describe the decline in value that occurs as a piece of property endures wear and tear. This isn't really true. Depreciation is about allocating the cost of property, not assessing its value. You'll depreciate rental property even if it remains in tip-top shape.

Use the link below for detailed information about rental property.

Use this link for Rental Property Depreciation information: Rental Property Depreciation

@Redcummings

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rental properties

Re: rental properties