KenjiT
Returning Member

Investors & landlords

 

Hi @DianeW777 , I'm following up with you since I haven't heard back from you yet. 

 

You mentioned that "do not make an entry for depreciation".     

Can you explain to me why I should not put any depreciation amount in this place? 

 

I have another question. This may be a dumb question, but I cannot use property taxes for estimating the adjusted cost basis, right? 

 

Thanks, 

 

Kenji