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The HVAC is entered as a stand alone item. When entering in the program, we have to look at the class life to determine the right answer. Rental real estate option will depreciate over 27.5 years, which is what we want. So, the wording may not say HVAC, but that is the correct place for it. If you chose equipment, the depreciation would not be right.
Reference: Publication 527 (2022), Residential Rental Property - IRS shows in table 1-1 that HVAC is an improvement. Table 2-1 shows 27.5 years of depreciation.
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‎February 21, 2023
9:47 AM