It depends. If you did not select that the property was outside the country then TurboTax may not know the correct depreciation method. Once this is selected both the regular and AMT depreciation will be the same.
There’s a 'Foreign Country' field to check about three screens in, where you’re describing the property. The program then knows it’s foreign and sorts out the extended depreciation recovery period.
This is correct: The rental was elected to use the ADS method in year 1 and has been depreciating using that following a 40 year useful life and MM convention.
- Any property placed in service before 2018 will use the 40 year recovery period.
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