Regardless of whether foreign residential rental need to use ADS or GDS, 2018 IRS Publication 527 states at the bottom of page 9 (comment 1) that property that was places in service after 2017 should be depreciated over 30 years. But I am preparing my 2018 return for a foreign residential that was converted from personal use to rental on 1/1/2018 and TurboTax still use 40 years.
Can you please explain why it is doing it?
Can you also be specific on where in IRS Publication 946 there is an instruction to use ADS for foreign rental property.
Thanks.
