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beam_dechyapirom
April 14, 2025
Question

Can we change the cost basis of rental property every year?

  • April 14, 2025
  • 2 replies
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    2 replies

    DoninGA
    DoninGA
    April 14, 2025

    No.  The cost bases of the rental property is based on the date the property was placed in service for depreciation purposes.  

    P
    PaulaM
    April 14, 2025

    Generally, changes to cost basis will take the form of Improvements and have their own life cycle and depreciation schedules. 

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