Residential Rental Property›2025 Returns
! only. If you need information about depreciating
Publication 527 — Residential Rental Property (Including Rental of Vacation Homes) · 2026-10-03 edition · updated 2026-10-04 · United States
CAUTION property placed in service before 1987, see Pub.
534.
Basis of Depreciable Property
The basis of property used in a rental activity is generally its adjusted basis when you place it in service in that activity. This is its cost or other basis when you acquired it, adjusted for certain items occurring before you place it in service in the rental activity.
If you depreciate your property under MACRS, you may also have to reduce your basis by certain deductions and credits with respect to the property.
Basis and adjusted basis are explained in the following discussions.
If you used the property for personal purposes be-
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