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Updated almost 2 years ago on . Most recent reply
Can you depreciate a property purchased “subject to” ?
I wanted to find deals that I can purchase subject to but I was wondering if I am able to depreciate the house purchased this way?
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You would still have some sort of documentation that captures the agreed sales price no? I would think an appraisal would also work. Definitely ask a real estate tax accountant. They should be able to answer this question instantly.