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How to determine asset class and life of Capital Improvements to Rental Property that I am depreciating?
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June 5, 2019
2:59 PM
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Investors & landlords
Improvements to Rental Property are depreciated over the same period as the main rental property - 27.5 years. In TurboTax, this is coded as Asset Class I (as in Ivan) Residential Rental.
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June 5, 2019
2:59 PM