REAL ESTATE DEPRECIATION
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
