I'm going to use the adjusted cost from original purchase because it's less. I'm just confused about when you said to use the land value from 2012. It is 6.43% ...
now I come across this information from turbo tax learn more link. I makes me think I need to use the lesser cost which is the purchase price rather than the fa...
Thanks for answering. I did convert the property from personal use to a rental in 2012. I think I should use FMV minus original closing costs minus land value f...
These are additional questions, I started entering the information for the rental property asset. It seems to spread the catch up depreciation over years as it'...