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Investors & landlords
Yes, it means 27.5 years.
Did you enter it as a Residential Real Estate Improvement? That would give 27.5 years. If you entered it as some other category, it may have assigned the wrong number of years, and the program thinks it has been fully depreciated already.
Did you enter any "personal days" for the rental property?
Did you enter it as a Residential Real Estate Improvement? That would give 27.5 years. If you entered it as some other category, it may have assigned the wrong number of years, and the program thinks it has been fully depreciated already.
Did you enter any "personal days" for the rental property?
‎June 6, 2019
12:04 PM