The basis of your rental property the total of:
purchase price (including your down payment and your mortgage)
plus settlement fees (lawyer and record fees, abstract fee, survey, title insurance, back taxes you agreed to pay for the seller)
minus the cost of the land.
How do I Calculate the Cost Basis of my Rental Property for Depreciation?
Business Expense Excel Spreadsheet-LLC-BEESL31321:
https://liberdownload.com/downloads/business-expense-excel-spreadsheet-llc-beesl31321/
How do You Depreciate a Business Asset
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https://liberdownload.com/downloads/small-business-group-session-quarter-1/
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