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Tax, SDIRAs & Cost Segregation

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Matt Kvalheim
  • Accountant
  • Tustin, CA
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65
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Depreciation Question - Multifamily

Matt Kvalheim
  • Accountant
  • Tustin, CA
Posted Nov 3 2015, 16:56

Hello everyone

I am purchasing a multifamily property in a couple weeks and  I am wondering - how much depreciation expense can I take in the first year (2015 tax year)?  Since I am closing in late November, will I only be able to take 1 month worth of depreciation (calculated at the improved value over 27.5 years)?  Or will I be able to claim a larger amount this first year?

Thanks!

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