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Can co-owners of a property both depreciate a property each for 27.5 years?

Forum|Forum|6 years ago
June 1, 2019
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this home is co-owned by both of us - have i lost my chance for using depreciation becaus the other owner for the first 27.5 years claimed all expenses, deductions, paid all taxes, etc.

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Best answer by view2

Yes you each should depreciate only your share of ownership less the land value , land is not depreciated.

V

view2Answer

Yes you each should depreciate only your share of ownership less the land value , land is not depreciated.

R

riceville9Author

to complicate: one owner claimed all the expenses, depreciation, paid all bills for 25 years; i claimed nothing - reported nothing; what can I do now - if that partner reported 100% for 25 years - is all the depreciation taken?