How To Depreciate Property›2025 Returns›1. Overview of Depreciation
What Is the Basis of Your Depreciable Property?
2025 Publ 946 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
Terms you may need to know (see Glossary):
Abstract fees Adjusted basis Basis Exchange Fair market value (FMV)
To figure your depreciation deduction, you must determine the basis of your property. To determine basis, you need to know the cost or other basis of your property.
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