Question

Jose purchased and placed in service a rental house in January 2009 for $110,000, which included $10,000 for the land. In August of the eight year of renting the property, he decided to sell the rental house to the tenant. How much depreciation may he deduct in the eight year?

Answer 1

Rental Property Depreciation:

As per IRS if rental property is placed in service after 1986 the rental property is depreciated using Modified Accelerated Cost Recovery System which spread the deduction cost over 27.5 years.

그ose Puochased and placed in senice a sental house in n 200g f015 diacon uhich included EtcOrco land- ın-August of the 요 yearoe senting-the-Porestu he decided 10 sell the entel house t0 the tenant How much defriciation may be deduct in the E1ght yeas 2 Exelanation 门 Building values purchase price- Land value S , 00000 annual Alowable pepreciation peduction Buildinivalue E 3 63 6. 3636 for yea 3 Paiclation fox 31h year cwith half month conventi0 n 5 month ount 63 63 6: 3636-7-S 드 E 2232-42 223 3 DepaiciatiO 1 2