Posts Tagged ‘calculate’
How do I calculate the Mortgage Interest on a Rental Property?
I chose to rent my place out that I was living in to someone in October, 2006. When I calculate the Mortgage Appeal for the leasing do I just calculate the appeal paid during October through December of 2006 since those are the months I rented the property out?
How do you calculate depreciation on rental property?
In Massachusetts in 1983, I bought a family leasing income property for $80,000. What is the depreciation I can claim for my 2008 taxes, if any? I did not claim any because I was told there was no depreciation left to be claimed on the property– because I had owned it for so long. Is this right? Please help me with this! Many thanks.