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Depreciation for rental property Driveway
My accountant has been depreciating the cost of an added driveway for my rental property over 15 years. Everything I've found on-line states that a driveway is considered an improvement to the land and is depreciated over 15 years. However, Turbo Tax used the default 27.5 years depreciation for a house. How do I override this incorrect depreciation formula in Turbo Tax?
March 9, 2022
3:54 PM