jlynn303
New Member

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Hi @Critter-3, I just started renting it in 2022.  I've not claimed depreciation on my condo previously.  My question relates to the useful life of my rental condo.  I read that straight line depreciation would be used here, and that the useful life is 27.5 years.  Given that the age of my condo (34 years) exceeds 27.5 years, I was wondering if my condo was fully depreciated and I therefore could not claim depreciation on it?