Depreciation question

[Kram BergGold]

Just checking to make sure I have this right. Client rented out a house, 27.5 year depreciaiton for 6 years. Then he stopped renting it for 5 years and in 2010 resumed renting it. I believe I reduce the basis by the six years of depreciationa and then depreciate that amount over 21.5 years, correct?

[MilTaxEA]

This may (or may not) be helpful: http://www.taxalmanac.org/index.php/...ental_property. The consensus on that discussion looks to be that you reduce the basis by prior depreciation and then depreciate over 27.5 years. Use the lesser of the adjusted basis or FMV for depreciation value.