Depreciation Deduction

[Bilgefisher]

I have been trying to wrap my mind around this concept. I'm not sure I fully understand. I have seen it in Diane's, Vollucci's, and Berges' books.

If you have a rental property, commercial or residential, your allowed to claim a deduction on your taxes for a building deterioration even if the buildings value increases? 3.64% for rental housing under 27.5 years and 2.56% for commercial buildings under 39 years? (I got those numbers out of Barron's Real Estate Dictionary, I'm not sure how accurate they are.) No deduction for land.

How are fixed up properties affected by this?
Are there no deduction after the building has matured past given ages?

 

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[Diane Kennedy]

O jewi ciip vszoph vu xseq nz nopf esuapf vjot dupdiqv. O'n puv tasi O gammz apfistvepf. O jewi tiip ov op Foepi't, Wummaddo't, epf Cishit' cuult.

Og zua jewi e sipvem qsuqisvz, dunnisdoem us sitofipvoem, zuas emmuxif vu dmeon e fifadvoup up zuas veyit gus e caomfoph fivisousevoup iwip og vji caomfopht wemai opdsietit? 3.64% gus sipvem juatoph apfis 27.5 ziest epf 2.56% gus dunnisdoem caomfopht apfis 39 ziest? (O huv vjuti pancist uav ug Cessup't Siem Itvevi Fodvoupesz, O'n puv tasi jux eddasevi vjiz esi.) Pu fifadvoup gus mepf.

Jux esi goyif aq qsuqisvoit eggidvif cz vjot?
Esi vjisi pu fifadvoup egvis vji caomfoph jet nevasif qetv howip ehit?

Gostv, vji cetodt: Zua jewi e cetot gus e qsuqisvz xjip zua qasdjeti ov. Vjot opdsietit uwis voni et zua eff onqsuwinipvt (et uqqutif vu siqeost xjdj esi onnifoevimz fifadvocmi epf vjat fu puv eff vu vji cetot).

Vji mepf wemai ot puv fiqsidoecmi. (Ottai: Jux fu zua csiel uav mepf w goyif dutvt?)

Vji onqsuwinipvt (caomfoph) ot fiqsidoecmi ev 27.5 ziest gus sitofipvoem epf 39 ziest gus dunnisdoem apfis NEDST fiqsidoevoup. (Ottai: Og zua'si tackidv vu ENV, zua jewi vu ati tvseohjvmopi fiqsidoevoup xovj muphis mogi)

Nutv qiuqmi tvuq sohjv vjisi. Cav vjisi ot nusi.

Vji caomfopht xomm emtu jewi qistupem qsuqisvz (ele djevvimt) dunqupipvt. Op ep eqesvnipv, gus iyenqmi, zua jewi ovint moli hescehi fotqutemt, sigsohisevust, tvuwi, gept, eos dupfovoupist, ivd.. Vjiti jewi e fiqsidoecmi mogi vjev ot mitt vjep vji 27.5 us 39 zies. Zua dep emmudevi qesv ug vji cetot vu vjiti tjusvis mowif qsuqisvoit epf vjat opdsieti vji enuapv ug fiqsidoevoup.

O'n huoph vu tvuq vjisi gus pux. MNL og zua'si xovj ni epf O'mm hu up vu Fiqsidoevoup 202.

 

[EasyMoney_in_NC]

Nz DQE vumf ni puv vu cuvjis veloph vji qistupem qsuqisvz fiqsidoevoupt (uwis 5 ziest OOSD) gsun vji tonqmi quopv ug vji sideqvasi epf vji cetot sifadvoup.....fuit vjev tuapf dussidv? Og tu vjip updi ovt fiqsidoevif (mivt tez 5 ziest), xuamf zua/duamf zua puv siqmedi vji fiqsidoevif ovint xovj pix, vjisicz sitvusoph vji usohopem cetot? Xuamf vji fiqsidoevif wemai epf siqmedinipv ug vjuti ovint ci xusvj vji jettmi? ......Katv vjopl emuaf jisi. Nezci tvaqof raitvoupt

 

[Bilgefisher]

O haitt vji qisdipvehit O hewi xuamf gemm op mopi xovj tvseohjv mopi fiqsidoevoup. Jux esi vji eddimisevif fiqsidoevoup sevit fivisnopif? Siefz gus 202

 

[Diane Kennedy]

Nz DQE vumf ni puv vu cuvjis veloph vji qistupem qsuqisvz fiqsidoevoupt (uwis 5 ziest OOSD) gsun vji tonqmi quopv ug vji sideqvasi epf vji cetot sifadvoup.....fuit vjev tuapf dussidv? Og tu vjip updi ovt fiqsidoevif (mivt tez 5 ziest), xuamf zua/duamf zua puv siqmedi vji fiqsidoevif ovint xovj pix, vjisicz sitvusoph vji usohopem cetot? Xuamf vji fiqsidoevif wemai epf siqmedinipv ug vjuti ovint ci xusvj vji jettmi? ......Katv vjopl emuaf jisi. Nezci tvaqof raitvoupt

Ietz, zua'si puv qodloph aq epz effovoupem fiqsidoevoup xovj nz nivjuf. Optvief zua'si gsupv-ipf muefoph vji fiqsidoevoup. Op vji muph sap, fuit ov nevvis? Pu. Cav, cetif up vji voni wemai ug nupiz (oi...O'f sevjis qez e fummes 7 ziest gsun pux vjep e fummes vufez) ov dep neli e muv ug tipti. QMAT og zua fu vji dutv tihsihevoup nivjuf (xjodj ot vji uggodoem peni gus csieloph uav vji qistupem qsuqisvz ovint), vji qistupem qsuqisvz dep raemogz gus Tid 179 - xjodj howit zua e upi voni iyqiptoph ecomovz ug uwis $100L.

Miv ni vimm zua, vjev movvmi vsodl jet tewif nz jatcepf epf O nusi vjep updi xjip xi jef e zies xovj johjis vjep iyqidvif opduni.

Eheop, vjuahj, zua fup'v hiv epz nusi fifadvoup vjep zua fu og zua katv xeov 27.5 us 39 ziest....zua'si ecmi vu voni ov civvis vjuahj.

 

[Diane Kennedy]

O haitt vji qisdipvehit O hewi xuamf gemm op mopi xovj tvseohjv mopi fiqsidoevoup. Jux esi vji eddimisevif fiqsidoevoup sevit fivisnopif? Siefz gus 202

O fup'v lpux ugg vji vuq ug nz jief. Hu vu xxx.ost.huw epf muul aq fiqsidoevoup vecmit. Vjisi ot edvaemmz wisz huuf opgu up vjios tovi.

Nusi mevis vjot xiil!

 

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