RENTAL PROPERTY DEPRECIATION

[Saladefina]

Depreciation of rental property, can I depreciate the property?

[Just-Lisa-Now-]

Of course, rental property gets depreciated.

Are you a tax professional?

[abctax55]

Not only 'can' you, you have to.

Research  (or do some CPE... IF you are a tax pro)  on *allowed vs allowable*

[IRonMaN]

One word - holy crap.  Ok, I lied that was two words, but I got so confused after reading that question.

[garman22]

I hope you ended here by mistake. 

Yes, the property must be depreciated if used as a proper rental. 

[Skylane · Accepted solution]

you take depreciation on buildings and improvements. You do not take depreciation on land. You'll find asset  classifications and asset life in the help files.

[Saladefina]

I appreciate your support.