I have sold three properties from my rental property portfolio this year. Why is one of the three showing as a Section 1250 property, while the others are 1245 properties from an unrecaptured depreciation perspective. in Investors & landlords
I input that I own 50% of a rental property. TurboTax calculates the depreciation and gives me 100% of it. Any ideas? in Investors & landlords
I just finished the basement for my rental property. If I depreciate the basement at 27.5 years, but add the furniture, appliances and carpet as a separate asset to depreciate at 5 years, can I do this myself without formal cost segregation study? in Investors & landlords
Can *only* depreciable items should be entered in the Business Asset Summary Page? Or any property purchased and owned by the business that year? in Business & farm