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Try telling that to the tax man when you are audited.

There are plenty of dumps around worth plenty more than $700K.

We are already all laying together in a bed. Are you feeling left out?

You are right. People were initially helpful, pointing out the correct procedure. When FL started getting huffy and ridiculing those who do this for a living, the thread turned from people helping him, to people making fun of him, whilst still trying to point out how he should do the right thing...

"You guys"... who is "you guys" who all say they are "property tax experts"??? Some property tax experts have answered for you, which you are ignoring, telling them you know better. Most of us are saying we PAY property tax experts, and lots of other experts in order to gain the tax...

A few posts back you said you would do the exercise of working this out but would pay to get a report done. You clearly are struggling to understand how this works. I have no idea either. That's why I pay for this. If you are indeed going to pay a professional then you can check your figures...

People are trying to get it through your head that you are not qualified to make up your own figures. You can or will get into trouble and/or lose a lot of money by missing out on what you could be entitled to if you pay some money to the professional that does this for a living.

I'd prefer steak knives myself :D.

Aren't there depreciation companies (maybe even on here) who don't charge if they don't save the fee in the first year? What is there to lose if you choose one of these? ... except your possible appointment with Bubba :)

I cannot believe after all the advice given, that the OP has decided to do this himself, and worse, to bag out the company like that. There have been highly qualified professionals who know what they are talking about advising against the DIY method, which is illegal and could/will cause you...