Hi all, we bought a STR in 2022 for 380k, renovated it for 200k in 2023, and rented it out in July, August, September of 2023 with an average stay of just under 6 days. We’re changing our plan for the property in 2024...
I always thought of depreciation as 27.5 years following the date the building was constructed. I was in discussion with a friend and we couldn’t definitively say if it was 27.5 years from construction or if it res...
I am still a newbie learning along the way but i need to replace a roof on one of my two properties. Can someone guide me on how much i can depreciate and over what period of time? Thanks so much!
If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...
Should i take into my return on investment calculation the depreciation of the renovations which i did and the appliances i installed, once the tenant moves in and starts using it?
would someone please explain the concept of depreciation in regards to renting RE. i keep seing the term used but never understand how it works
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Hi BP,How soon in a Calendar year do I have to buy a rental property in order to claim the full annual depreciation on it?Thanks
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" depr...
I'm buying a duplex with $6000 worth of appliances, should I depreciate them separate from the building? What are the advantages or disadvantages? How many years can you depreciate appliances? And what happens when th...
How do you calculate depreciation for a residential property?