Thank you Critter,I suppose you are right about not using an over inflated cost basis for depreciation, in the event we needed to sell the property we would be ...
Thank you for your extensive answer to my question Champ. So, if I'm understanding you correctly to determine the basis for depreciation, I use either the purch...
Thank you Hackitoff,You are correct, we didn't use the house for personal use as it was purchased with the intent to make it a rental property. Thanks for clear...
