Yes.
Your father who cosigned student loans may claim the student loan interest deduction on his portion that was paid. To claim the student loan interest...
The cost basis would increase by 10k with the improvement resulting in 110k. The 6k of depreciation would then decrease basis resulting in 104k. When sold at 18...
There is no loss on depreciation per se, but upon selling the property the improvements you made will increase your basis. The allowed depreciation would be con...
No. Three factors determine how much depreciation you can claim each year:
Your basis in the property
The recovery period for the property
The depreciation meth...