@monster77 wrote:
Turbotax is calculating 27.5 years depreciation for my foreign rental property (pre-2018) instead of 40 years.
Foreign address has been entered. How can I fix this please?
After thinking about it, 40 years is wrong. The recent law retroactively changed it to 30 years.
The IRS has not really released any information on how to handle the retroactive change though, so you will probably want to wait a while until more information is available, and then for the tax programs to update their software.
It might be quite a while, so you may even need to file an extension.
