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Updated over 9 years ago on . Most recent reply

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28
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3
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Reid Isaki
  • Culver City, CA
3
Votes |
28
Posts

how to depreciate a duplex, after you've already rented a room

Reid Isaki
  • Culver City, CA
Posted

I have a duplex, i lived in the bottom unit and had a roommate.  Top unit was rented. I calculated 4% of the building was used for the room rental.  I depreciated this value the last two years. He moved out last year and I moved out as well so now I'm renting the entire building.  I had started to use a SL depreciation on the room rental but after only taking 2 years of depreciation i have 25.5 years left.

How do I handle depreciation on the entire building now? even though I claimed 2 years worth on 4% of the building.  

Which forms do I have to fill out and what is the process.

Thanks!

Most Popular Reply

User Stats

693
Posts
357
Votes
Vincent Crane
  • Realtor
  • Atlanta, GA
357
Votes |
693
Posts
Vincent Crane
  • Realtor
  • Atlanta, GA
Replied

I'd seek advice from your accountant, definitely an important member of your real estate team

  • Vincent Crane

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