I have a few Single Family Homes we rent with a partner and I am curious on options available in accounting for CCA. In other words I have business expenses that pertain to the real estate but are not specific to any one unit. When we have deducted CCA in the past we have taken the max allowed...

We just bought a multiplex apartment building and as part of the closing documents at the lawyers part of the closing adjustments we received a deduction for the deposits the seller held for each tenant. The question I have is; Can I reduce the purchase price by this amount to set up my CCA...