Hi Amy,
My oversea residential rental property was put into service in 2019. My understanding is that, the depreciation life is 30 years for the service started after 2018. Please refer to the other TurboTax Community message response here, https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/foreign-rental-proper...
This is why I think it is wrong for TurboTax to change it from 30 years to 40 years in 2022 tax return.
If you think it should always be 40 years, can you please refer me to where it stated?
If this is not TurboTax bug, do you know which page/question in TurboTax Wizard impacted the depreciation life? Maybe our answer is not consistent from last year.
Thanks,
Belinda
