NONDEPRECIABLE PROPERTY What if land or other nondepreciable property is acquired in a like-kind exchange for, or as a result of an involuntary conversion of, depreciable property? The land or other ...

Learn how to depreciate property that serves two purposes. Commercial and Residential Property. If you rent out a duplex, you can depreciate the property that is occupied by a tenant.

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was ...

The depreciation period for renovating a house or apartment building is the same as that for the property it is attached to, so renovations to these buildings have a 27 percent depreciation rate.

A. We hope this property has been a profitable one for you. And now that you’re selling, you know the government wants to get its due. The taxable income realized on the sale of depreciated real ...

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed ...