Did you depreciate the original price?

First, depreciation is only for value of structure, not the whole house price (excluding land).  So, if you depreciated the original property purchase price, you were wrong and you have to amend. all 4-5 years of tax return. 

My worry is you depreciated the whole purchase price. 

Second, If you only depreciate the structure, and your improvement is before placed in service date, there is no way (or evidence) to separate depreciation basis (value of structure) from improvement cost.  It's all lumped together.   And you can safely add improvement cost to the original purchase price.

 

 

 

所有跟帖： 

• Thank you so much! I only depreciated the structure, not the lan -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:17:42

• Compare and Contrast -柠檬椰子汁- ♂ (767 bytes) () 02/19/2019 postreply 07:21:59

• thank you, that helps! -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:27:38

• 我想他这个情况保险起见还是去修改以前所有年头的税表。 -borisg- ♂ (250 bytes) () 02/19/2019 postreply 07:32:52

• 关键是不好确定结构的购买价 -柠檬椰子汁- ♂ (171 bytes) () 02/19/2019 postreply 07:40:41

• thank u -withHope99- ♀ (0 bytes) () 02/19/2019 postreply 07:44:36