Carl
Level 15

Investors & landlords

If you place the foreign residental rental property in service in 2018 or after, then the facts as they stand right now, are that you flat out can not use TurboTax. Foreign rental property place in service in 2018 or after has to be depreciated over 30 (thirty) years. Myself and numerous others notified TurboTax of this problem back in march of 2019 and so far have been ignored. So until this issue is fixed, anyone with foreign residential rental property just flat out can not use TurboTax to report it. The 30 year ADS schedule in the program is not available even if you select to enter things manually as "other asset type".