Rental value depreciation is the reduction in the value of rental property over time, most often due to wear and tear. The IRS has determined that a building's value deteriorates over the course of 27 ...

Calculating land value for tax purposes may seem tricky, but it doesn't have to be. There are many ways to determine property valuation for tax purpose. But the three valuation methods most commonly ...

You must figure out your cost basis: what you spent to buy the house, what you spent on things the IRS would consider to be part of the house, and the costs of selling it. Subtract these figures from ...