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Investors & landlords
I have been depreciating the rental property for two years. Last year I replaced roof and now followed all instructions in turbotax for this new asset depreciation. However, the estimated expense for the asset is $107 for a $5450 roof, 50 years of depreciation?
The summary says years to fully depreciate is 27.5 years.
‎February 23, 2020
12:45 PM