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Level 1
March 23, 2024
Question

REAL ESTATE DEPRECIATION

  • March 23, 2024
  • 1 reply
  • 6 views

I HAVE A CLIENT THAT IS A RESIDENT OF CALIFORNIA.  HE HAS ABOUT 8 RESIDENTIAL RENTALS.  SEVERAL OF THEM ARE LOCATED IN KENTUCKY.  THE REST ARE LOCATED IN CALFIORNIA.

HOW DO I GET THE DEPRECIATION TO BE A DEDUCTION IN CALIFORNIA EVEN THOUGH THE PROPERTIES ARE LOCATED IN KENTUCKY.  WHEN I CLICK ON THE TAX SUMMARY NONE OF THE DEPRECIATION IS BEING ALLOCATED TO CALIFORNIA

 

THANKS

 

TOM BAKER, CPA

 

 

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    Level 10
    March 23, 2024