2018 = 1st yr on TT, I have a LLC on Sched C. How do I depreciate a residential business asset over 27.5 years? TT allows only non-residential asset / 39 year term?

poindexter2018- · ‎June 4, 2019

ee-ea · ‎June 4, 2019

You are not renting out the apartment as a residence - it is business usage as an office therefore 39 years

Business & farm