Property Depreciation Pro Interactive example
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Interactive example. Changes are temporary. Illustrative results require CPA review. Synthetic data only; nothing here is a tax return or filing recommendation.
Oak Street Lease100% verified · Synthetic example

Keep the supporting references visible

Reference sources guide the workflow. They do not approve PDP’s estimates or determine your final tax treatment.

Tax basisIRS Publication 551 ↗ Placed in serviceIRS Publication 946 ↗ Receipts, invoices and estimatesIRS recordkeeping guidance ↗
Why this matters ⓘ

Replacement value — An estimated current cost to replace an item. It is separate from tax basis.

PDP can preserve replacement information for property documentation without treating it as an IRS basis amount.

Useful support: Current quote, comparable product, inventory record or insurance schedule.

Classification basis: PDP documentation field. PDP provides a documented suggestion; the taxpayer’s CPA or tax preparer determines final treatment.