I have a foreign property put up for rental in 2024 and despite indicating it is a non-US property and indicating another country in the address of the rental property, TT still depreciates this at 27.5 years. In the Form 4562 generated, it puts it in Part III 19h (27.5 year schedule for rental property) instead of Section C 20h (Alternative 30 year Depreciation System). I cannot find anywhere to edit the depreciation method to ADS. It seems like it would force me to submit this using a US based property depreciation schedule. This seems like a significant bug with TT. Any way to remedy this before I submit for filing?
