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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.
March 6, 2024
9:43 PM