Coleen3
Intuit Alumni

Deductions & credits

Your understanding is good.

1)Yes, the IRS doesn't look at the property according to what the manufacturer says.

2) The 39 years starts when you begin depreciating the improvement. Yes, they both have the same.

3) It is MACRS officially, but it is depreciated more like Straight Line for real estate. Just indicate that it is an improvement to the house and TT should take care of it for you.

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