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Investors & landlords
the Recovery Period becomes 30 years, not 27.5 years;
The 30-year life is probably for a different depreciation method.
..and most likely the wrong method, depending on the specifics. You either incorrectly told the program that the property is foreign residential rental real estate, or the property "is" in a foreign country and your selection in the earlier years was wrong.
Residential rental property located in the U.S. is depreciated over 27.5 years.
Residential rental property located outside the U.S and placed in service in 2018 or *AFTER* is depreciated over 30 years.
Residential rental property located outside the U.S. and place in service ***BEFORE*** 2018 is depreciated over 39 or 40 years (can't recall which exactly).
‎April 16, 2021
3:22 PM