- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How can I change Depreciation Life from 27.5 years to 39 years for Rental Property to match my previous tax returns since my rental was put into service 11/2003?
Help - I'm using TT for the first time and inputting Depreciation info for my rental property. I started rental service 11/2003 and it defaults to 27.5 years to fully depreciate, however, my previous 2016 Tax return prepared by accountant shows 39 year life, how do I change this in TT for 2017 tax year so it aligns with my previous returns? Are there any one-time adjustments I need to make or is the change something I need to do every year?
Topics:
‎June 6, 2019
8:52 AM