Yes, just when you thought your favorite condiment couldn't get any better, I present to you 9 unusual uses for mustard that go beyond sandwich-making. But first, a little mustard history! Way back when, the Romans were first introduced to mustard seeds by the Egyptians.
Therefore, the basis in the building is $850,000 (85% x $1 million). A cost segregation study identifies the portions of the building that qualify as personal property and land improvements for depreciation purposes (but are still like kind for 1031 purposes).
Asker's rating. Report Abuse. On the sale of rental property you need to deduct any amount depreciated from the initial cost basis. On the other side, any capital improvements you have done to the property needs to be added to the initial cost basis.sker's rating. Report Abuse. On the sale of rental property you need to deduct any amount depreciated from the initial cost basis. On the other side, any capital improvements you have done to the property needs to be added to the initial cost basis.