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depreciation deduction

FENER
Level 2

client made $ 40,000.00 in renovations in a residential rental property apartment 

he occupies 1/3 of the property or 1 apartment

how much depreciation can he deduct besides the normal amount

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dkh
Level 15

Were renovations done to the apartment he occupies ?  If not then 100% of renovations would be depreciable.   If yes, how much were the renovations to the apartments being rented ?   Or use the same % for renovations as is being used for the building.

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3 Comments 3
dkh
Level 15

Were renovations done to the apartment he occupies ?  If not then 100% of renovations would be depreciable.   If yes, how much were the renovations to the apartments being rented ?   Or use the same % for renovations as is being used for the building.

IRonMaN
Level 15

How much of the cost of the property were you depreciating before the renovations?


Slava Ukraini!
FENER
Level 2

thank you for your response

 

Fener