sohail78
New Member

Investors & landlords

According to recent cases it seems the shall in IRC code may be permissive and allows for possibility of selecting GDS vs ADS. Please review the following reference and comment: <a rel="nofollow" target="_blank" href="https://www.castroandco.com/blog/2018/march/depreciating-foreign-rental-property/">https://www.castr...>

TurboTax software may need to update the software to allow 27.5 straight line method for foreign property if this is correct.