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poindexter2018-
New Member

2018 = 1st yr on TT, I have a LLC on Sched C. How do I depreciate a residential business asset over 27.5 years? TT allows only non-residential asset / 39 year term?

 
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ee-ea
Level 15

2018 = 1st yr on TT, I have a LLC on Sched C. How do I depreciate a residential business asset over 27.5 years? TT allows only non-residential asset / 39 year term?

You are not renting out the apartment as a residence - it is business usage as an office therefore 39 years

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