How to split land from building for rental property depreciation, and why a flat 20 percent isn't a method.
David Wiener explains that IRS Publication 527 points to fair market value or the county assessor's ratio. By Ryan Bakke's account on episode 10, land rarely tops 10 percent of a single family purchase in the Smokies and can reach 65 to 70 percent in Gulf Shores. David recently ran one at 97 percent.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504, option two
This is educational content, not tax advice for your situation. Talk to your tax professional.