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ADS (alternative depreciation) for foreign rental results in $0 expense
Hi,
we have an apartment in Germany, for which we have rental income (since 2011). For depreciation, I chose asset type "other", 27.5 years (Residential rental), but my estimated expense for 2019 is $0. When looking into the details, it says MACRS Convention = MM, but the Depreciation Method column is empty.
On our return from last year, prepared by a company in the context of our relocation, it was "ADS".
How can I apply the same information this year?
I'm using the online version of Turbotax. Happy to change to the download version, if this works better, but before buying it I'd like to make sure it will work.
Thanks a lot for your help,
Chris
March 11, 2020
6:57 PM