RobertB4444
Expert Alumni

Get your taxes done using TurboTax

1.  B.  The equation is based on days available to rent.

 

2.  Residential real estate is depreciated over 27.5 years.  Residential real estate furnishings are depreciated over five years.  Although you may qualify for bonus depreciation if your income is high enough.  You should start depreciating them as of the date they were placed in service (1/1/23) and depreciate the actual cost.

 

@pawel 

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