Investors & landlords


@luckey22330 wrote:

in Schedule C, I have the home as an asset with a depreciation of $2,683 (39.5 years). 


 

Schedule C?  Is this home being rented out?  Are you providing "services" to the tenants (for example, maid service or meals)?  A rental generally belongs on Schedule E unless you provide "services" to the tenants.

 

It is not 39.5 years.  I think you mean 39 years.