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R
RB24
March 28, 2020
Question

Sale of rental property depreciation

  • March 28, 2020
  • 1 reply
  • 0 views

Can the number of years for depreciation be prorated for the date of the sale?

 

Lets say you sell 8/27/2019, is there a way of changing depreciation taken in 2018 and 8 months in 2019, from 2 years to 1.66?

or is depreciation a blanket rule of a whole calendar year?

    1 reply

    ColeenD3
    ColeenD3
    March 28, 2020

    Depreciation is a blanket rule for every year. The first year, it is prorated automatically depending on the month placed in service. The last year is prorated automatically depending on the date of sale.

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