Your overseas property is depreciated over a 30-year or 40-year period, depending on when it was first rented, instead of the 27.5 years for domestic residential properties. *Prior to 2018, depreciation of foreign residential property was limited to 40-years. New assets placed in service now get the lower 30 year period. If Turbo Tax is calculating your foreign rental property considering 27.5, you need to review your Foreign Rental Description, change the "Address type" to Foreign address, once it had been established that the assets are used predominantly out of United States, the depreciation will be automatically changed to 30 years.
