@Carl wrote:
...I myself would report my ownership of that structure and depreciate it over 27.5 years. Here's what you have to look at in making a determination...
I would use extreme caution before taking depreciation deductions on a structure of the type that is the subject of this thread. Actually, what the original poster should be looking at are the governing documents of the condominium association (the CC&Rs and the condominium map/plan).
It is quite typical that condominium parking spaces, including garage parking spaces (and surrounding structures) constitute "common elements", either general common elements, limited-use common elements or exclusive-use common elements. In any event, if the space falls into one of those categories, then there is only a right-to-use the space.
