Where do I enter a residential real estate depreciation schedule of 27.5 years on Schedule C? The income from my rentals is treated as active not passive

[tagteam]

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[ThomasM125 · Accepted solution]

You would have to use the desktop version of TurboTax to enter a residential property for your business reported on a schedule C. In that program, you would use the Forms menu option to bring up a list of the forms in your program and then find the Asset Entry workheet for the property you entered as a commerical property. On the worksheet, you can enter I - Residential rental on line 5 and then your property will be listed as residential and depreciated over 27.5 years.

[Mike9241]

if the residential real estate is used in your business s such as a home office it is considered business real estate with a 39 year life.