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Level 2

Question

Rental farm buildings depreciation

Forum|Forum|1 day ago
June 7, 2026
5 replies
1 view

This is the first year I'm renting inherited land and utility buildings to a farmer. TT calls the hay barn and maintenance shop "residential" assets and uses a 27.5 year depreciation schedule. How can I override these defaults?

TurboTax Online

Level 15

What did you select in the program in terms of the type of rental property?

If you were in the Rentals section, you should have selected "Commercial" which would have resulted in a 39-year recovery period.

crookedoakAuthor

Level 2

Business Income & Expenses / Rental Properties & Royalties / What Type of Rental is This? / Land (raw land rented to others). The appraised value of the general-purpose farm buildings (hay barn and maintenance shop) is less than 1% of the asset value. These are not commercial buildings. General-purpose farm buildings have a depreciation life of 20 years.

Level 15

That's correct and then you would have to select "Intangibles, Other property" and then select "Other asset type". Then select "20 year" under "Asset Class".

crookedoakAuthor

Level 2

This changed the allowed depreciation to $zero.

Level 15

wrote:
This changed the allowed depreciation to $zero.

It works for me. You have some sort of input error. Ensure that you're entering the property in the Assets/Depreciation section of the program.