Investors & landlords


@armstrongbrown-alicen wrote:

for Depreciation on form 4562, my accountant last year has my rental listed as 5 yr property, 


 

Is this for the rental of the actual real estate/building?  If so, 5 years is wrong and you should NOT keep using that.

 

Is this Residential Rental Property?  Was 2023 the first year it was "placed in service"?