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Investors & landlords
According to IRS Pub 946 Appendix B, any property not listed in the tables is given a class life of seven (7) years under GDS. The MACRS tables in Appendix A provide the depreciation method that would apply.
You might also consider taking Special Depreciation, which would allow you to write-off 80% of the cost in the first year.
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March 19, 2024
12:58 PM
2,713 Views