I sold rental real estate this year that I owned for 6 years
and that I have had less than 14 days of personal use each year – don’t understand
how my cost basis is being reported.
How is cost basis for rental real estate computed on the Depreciation
and Amortization report? The “depreciable
basis” column has been reduced by a different amount than the depreciation each
year. What is the formula for
establishing the ”depreciable basis”?
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