Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-28-2015, 12:25 AM
Junior Member
 
Join Date: Aug 2015
Posts: 2
Own a duplex, rented a room to tenant, we both moved out and now renting entire duplex.

I own a duplex, and I rented out the top half , completely no worries there. THe question I have is, I lived in the bottom unit as my primary and rented out a room. I depreciated that room for 2 years, then the roommate and I both moved out and now I want to rent out the bottom unit completely to new tenants and depreciate that. The issue here is that I already depreciated the room when I was living with a roommate. How do I proceed with the already taken depreciation? Do i just keep a record of the rented room depreciation and start with a new in service date when I rent the bottom unit to new tenants?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Property manager/tenant viragodawg Rental Real-Estate 1 05-20-2015 02:19 AM
Do I (duplex homeowner) need to send 1099-MISC forms to contractors whenever I paid $600+? newbiehomeowner For 2014 1 02-08-2015 03:58 PM
Gift of partial ownership in a duplex movinit56 Rental Real-Estate 10 02-08-2014 12:23 AM
Rented, then personal use, now renting out again Landlordagain Rental Real-Estate 1 01-27-2013 06:15 PM
painted entire rental house tonyasue Depreciation 1 01-02-2010 09:46 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning