How To Depreciate Property›2025 Returns›1. Overview of Depreciation

What Is the Basis of Your Depreciable Property?

Publication 946 — How To Depreciate Property · 2026-10-03 edition · updated 2026-10-04 · United States

Terms you may need to know (see Glossary):

Abstract fees Adjusted basis Basis Exchange Fair market value (FMV)

To figure your depreciation deduction, you must determine the basis of your property. To determine basis, you need to know the cost or other basis of your property.

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▸Contents — Publication 946 — How To Depreciate Property

Publication 946 — How To Depreciate Property

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