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?
01287
1 Replies
ee-ea
Level 15
Jun 4, 2019 3:03:14 PM
You are not renting out the apartment as a residence - it is business usage as an office therefore 39 years