Worth It

I bought a condo as a rental investment last year and I’m trying to figure out how to allocate a land value to the total cost for depreciation purposes. Can I depricate the entire cost, or do I need to subtract the land value? If so, how do I figure out what the land value is.
I understand I can’t depriciate land value, but how much my purchase cost is depriciable?

You only depreciate the value of "Improvements", not of the Land. You’ll find this values in your municipal tax bill.

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