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Business & farm
Thanks for the quick response. Unfortunately, I think this advice has me going through schedule E. I'm trying to use schedule c for my Airbnb business. I did this last year and was able to depreciate my personal residence for the percentage time that i rented the house. I was able to depreciate the property as a personal residence for 27.5 years. When I try to duplicate this with turbo tax on schedule C, it does not give me the option to select "residential property" - which is what I used last year on schedule C. The only option i have is to select "non residential" which depreciates over 39 years, giving me a much smaller deduction. I'm stuck..
March 20, 2020
1:21 PM