wkee57
New Member

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?