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Visitor IV

apartment rental depreciation



I have income from apartment I own (out of the US).

I want to take into account the property depreciation.

Depreciation is calculated only on the building and not on the land.  

I know the value of the property – but I don’t know how to distinguish between land value and building value.

As it is an apartment in a building - can I assume that the price is only for the building and not for the land?


1 Comment
TurboTax Specialist

apartment rental depreciation

Yes, if you do not own the apartment building in its entirety then you can assume that it has a land value of zero.