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dan1423
Returning Member

IS THERE A CEILING ON THE DOLLAR VALUE THAT CAN BE DEPRECIATED ON RESIDENTIAL REALTY PROPERTY ?

 
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DDollar
Expert Alumni

IS THERE A CEILING ON THE DOLLAR VALUE THAT CAN BE DEPRECIATED ON RESIDENTIAL REALTY PROPERTY ?

The only limit on the amount that can be depreciated is the cost basis of the asset.  Other than that, there is no limit.

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DDollar
Expert Alumni

IS THERE A CEILING ON THE DOLLAR VALUE THAT CAN BE DEPRECIATED ON RESIDENTIAL REALTY PROPERTY ?

The only limit on the amount that can be depreciated is the cost basis of the asset.  Other than that, there is no limit.

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