Land & Improvement Value (by Peggy [OH]) Mar 13, 2014 8:47 PM
Land & Improvement Value (by Robert J [CA]) Mar 13, 2014 11:58 PM
Land & Improvement Value (by Peggy [OH]) Posted on: Mar 13, 2014 8:47 PM Message:
State Specific Question About: OHIO (OH)
Just purchased our first rental last year. I was tempted to use our property tax informatioin for the land value and improvement value on our taxes, but I honestly feel this is the wrong way to go. I realize there is no "right" answer to this. Just want to hear everyone's thoughts on this and what seems to be working for them. Remember this is our first rental, so we have to live with this caluculations for the next 27.5 years.
--205.188.xxx.xx |
Land & Improvement Value (by Robert J [CA]) Posted on: Mar 13, 2014 11:58 PM Message:
80% is the Structure/Improvements and 20% in the Land Value, unless you have a different amount in your purchase agreement. I had several IRS cases where the numbers differed. These are the safest values I can offer. --98.119.x.xxx |
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