0 votes
How do I calculate depreciation on my rental property?

1 Answer

0 votes
Land does not qualify for depreciation; only structures. Measure the Rental Area. Calculate the percentage of the property used for rental purposes. Calculate the Service Date. Research when the property was placed in service. Figure the Cost Basis. Subtract the Land Value. Determine the Property's Class. Run the Calculation.
Welcome to our site, where you can find questions and answers on everything about renting houses, apartments, villas, flats and other property in many countries