Carl
Level 15

Investors & landlords

As of the TCJA:

Domestic residential rental real estate paced in service after 1986 is depreciated over 27.5 years.

Foreign residential rental real estate placed in service before Jan 1 2018 is depreciated over 40 years.

Foreign residential rental real estate place in service after Dec 31 2017 is depreciated over 30 years.

If you propertly identify the property in TurboTax, and provide the correct in service date, the program will take care of all this for you automatically.