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Updated about 8 years ago on . presented by

User Stats

8
Posts
3
Votes
Kay Yu
  • Investor
  • Austin, TX
3
Votes |
8
Posts

Changing method of calculating depreciation

Kay Yu
  • Investor
  • Austin, TX
Posted

Has anybody ever changed depreciation from one year to the next?  I found the following one year too late!  Thank you Brandon Hall, this is great!

https://www.biggerpockets.com/renewsblog/2015/04/1...

I have a new rental and for  2015 tax year, I used my "property tax statement" to calculate my depreciable basis.    For the remainder of the 27.5 years, I would like to use another (more favorable) method.

Is there a problem with this?

Do I have to amend 2015 taxes or can I just use the alternate method for the remaining 26.5 years?

Looking at the tax forms.  As long as I document how I've calculate my depreciable basis, I don't see an issue. 

Kay