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Investors & landlords
I was able to add a roof to a residential rental property in TurboTax Self-Employed and the default was 27.5 years.
Even under 27.5 years, I will grant you that the depreciation expense allowed for the year is a low number compared to what would have been paid outright for a new roof.
But this number is generated right out of the IRS depreciation tables.
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‎February 23, 2020
1:08 PM