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Date for depreciation -purchase or placed in service

bethbrake
Level 2
Which date should I use for purchase of rental mixed use property that will undergo renovations for a couple of years and then be placed in service? purchase date or placed in service date? I dont want it to be for confusing if the asset is sold
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IRonMaN
Level 15

Placed in service date


Slava Ukraini!

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1 Comment 1
IRonMaN
Level 15

Placed in service date


Slava Ukraini!
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