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condo depreciation

Since only Improvements can be depreciated, I'm wondering how to determine the land value for condo. I heard some people said condo has no land value, but I did see the land Assessed Value in public record. Here is an example:

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2 Replies
M-MTax
Level 10

condo depreciation

Use the percentage........total to improvement value but not the actual values.

M-MTax
Level 10

condo depreciation

So your basis for depreciation would be roughly 70% of your total basis.

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