Can I take depreciation on real property reverted at the end of a ground lease?

answered 2012-01-21 15:04:49 -0500

@mjking
336 ●2 ●10 ●20 http://www.kiddermathews....

You will want to confirm this with you accountant. As I understand it, if your are the land owner you will not have a basis in the property if it is reverted to you. Because of this you will not be able to take depreciation on the building.