Can co-owners of a property both depreciate a property each for 27.5 years?

[riceville9]

this home is co-owned by both of us - have i lost my chance for using depreciation becaus the other owner for the first 27.5 years claimed all expenses, deductions, paid all taxes, etc. 

[view2 · Accepted solution]

Yes you each should depreciate only your share of ownership less the land value , land is not depreciated.

[riceville9]

to complicate: one owner claimed all the expenses, depreciation, paid all bills for 25 years; i claimed nothing - reported nothing; what can I do now - if that partner reported 100% for 25 years - is all the depreciation taken?

[SweetieJean]

and you just discovered this?  Is there a written partnership agreement?

[riceville9]

if one co-owner claimed depreciation and rental income for first 27.5 years and the other owner reported nothing - can the other partner then after that point restart another 27.5 years?

[riceville9]

no written agreement -

[riceville9]

we are listed on the deed as joint tenants -

[riceville9]

it is okay, i just want to clarify that it is okay for one co-owner to for 25 years to report total rental income, expenses and depreciation?

[riceville9]

what's done is done - now what? can a 50% owner of a rental property claim 100% of all involved?

[view2]

This is beyond the scope of a user to user tax forum that was created to deal with current year issues with the Turbotax program.
You should contact a local legal tax expert that would know all the particular of your individual circumstances.