When entering real estate investment property, the value of the building and the land can be entered separately. Land value is not depreciable, but building value is. MaxiFi uses the cost basis of the buildings and calculates the correct depreciation base on the year it was placed into service. This calculation also takes into account whether it is residential or commercial property, which have different depreciation schedules.
Depreciation on Real Estate and Land Print
Modified on: Wed, 3 May, 2023 at 1:07 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.