You start with the selling [...] It is
You start with the selling [...] It is difficult to say what the land is worth in a city center where none is left for sale, for example, and tough to gauge depreciation. If it has used up 10% of its useful life, you can deduct $15,000 for depreciation. If a comparable home has a blacktop driveway, and the subject home doesn’t, you take the value away. If you can only find comparables sold over a year ago, you have to estimate appreciation in the area. Steve Gillman has invested realestate for years.
Chandler Real Estate
Information is deemed reliable but not guaranteed.
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