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Level 3
December 7, 2019
Solved

Date for depreciation -purchase or placed in service

  • December 7, 2019
  • 1 reply
  • 7 views
Which date should I use for purchase of rental mixed use property that will undergo renovations for a couple of years and then be placed in service? purchase date or placed in service date? I dont want it to be for confusing if the asset is sold
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Best answer by IRonMaN

Placed in service date

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Placed in service date

Slava Ukraini!