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Investors & landlords
Yes, it's a stand-alone cottage on my property. I don't know why the accountant set it up this way. In 2022 it was listed as a 27.5 year recovery, and on 2023 return it changed to the 5-year, but above, Section A on line 17, for "MACRS deductions for assets placed in service in tax years beginning before 2023" it has a sum there, then below it has the info for the 5 year property. Not sure how to go forward now with the depreciation....
March 30, 2025
5:45 AM