I have a short term rental, that I do not use as a home, stay in less than 14 days or 105 of rented days. I am not a real estate professional, but materially participated and have an average rental of less than 7 days, so this is a trade or business activity, not a "rental activity" according to IRS pub 925.
Depreciation should be over 30 years, but when using TT, I seem to only have the option to enter depreciation as a nonresidential business property with depreciation over 39 years....
Where/how do I enter the correct 30 year (ADS) depreciation schedule?
Where / how do I
