Updated almost 9 years ago on .
Most recent reply
presented by
Initial vs. Refi as the source for depreciation deduction
Quick question for you folks. Say a property was purchased in 2011 as a primary residence, was placed in service as a rental in 2016, but was also refinanced in early 2016. How would you go about calculating your cost basis for depreciation? I know the easy answer is "ask a CPA" but I am prepping my own taxes and will decide if I want to use a CPA to file later. Thanks for reading!