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Subject:  Re: To become a landlord or not ? Date:  4/4/2011  12:24 AM
Author:  JAFO31 Number:  112935 of 127642


{{{Depreciation basis is improvements plus cost of structures: 128K + 80K = 216K.}}}

<<<I think that's $208k.>>>

"You are right."

Except you cannot depreciate land, so original basis needs to be allocated.

Regards, JAFO
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