Updated about 18 years ago on .
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Depreciation...
How is my depreciation figured on both new and existing properties?
More specifically,...
Is "New Construction" depreciation based on gross receipts, permits,...?
How are "Existing Structures & Landscaping" depreciation numbers decided upon?
If the structures have been depreciated before i purchased them, do I get to "Re-Depreciate" after my purchase? More clearly, after they've spent their 27 1/2 years "Alive" and degrading are they then "Dead" or are they "Born-again" to degrade for another 27 1/2 years?
My apologies if this should have been in the starting out categories. Thank you all for your input.