Double check that this is being treated as Residential Real Estate.
| Type of Property |
Method of Depreciation |
Useful Life in Years |
| Land |
Not allowed |
N/A |
| Residential rental real estate (buildings or structures and structural components) |
Straight line |
27.5 |
| Nonresidential rental real estate |
Straight line |
39 |
| Shrubbery, fences, etc. |
150% declining balance |
15 |
| Furniture or appliances |
200% declining balance |
5 |
Answers are correct to the best of my ability but do not constitute legal or tax advice.
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