In which of the following situations can a property owner claim tax depreciation?

Select one:
a. The total cost of acquisition of an income-producing property
b. A principal residence and a second home
c. The acquisition cost of an income-producing property allocated to the building
d. The value of all buildings owned by a property owner

The correct answer is “c”: The acquisition cost of an income-producing property allocated to the building

Andrew Shell

Passionate Real Estate industry professional with over 23 years of experience in account management, contract negotiations, MLS technology, project management, strategic planning, public speaking, sales, business development, marketing, and training. Real Estate Broker Licence in New York & Florida.

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