How much depreciation can I deduct each year on my rental property?
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Tax Professional Answers
Kathryn Morgan
Assuming you mean a residential rental, it is depreciate out over 27.5 years and the depreciable basis is the basis in the entire property menus the FMV of the land. It is based on what month you put it in service as well. If this is business real estate as opposed to residential the same thing apply however the time frame is 39 years. If you can provide some details I can give you an estimate.
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578 weeks ago