Depreciation deduction for rental property

Joined
Nov 2, 2009
Messages
1
Reaction score
0
I purchased a townhouse 5 years ago and had always rented out half of it to friends and used the other half for personal use. As of Jan 1, 2009, the townhouse became 100% rental property. On my schedule E for 2009, do I simply double the depreciation deduction from the previous year? Thanks.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,775
Messages
27,839
Members
21,814
Latest member
alea2024

Latest Threads

Top