
Anonymous
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Investors & landlords
One property was placed in service in 2017 and the other in 2014.
The new roof is added to the property in the assets/depreciation section, classified as residential rental property and gets depreciated over the next 27.5 years with year one being the date the roof was completed, or the date the property was placed in service - whichever date was "last".
So do I put the roof depreciation in the same form 4562 with the existing depreciation for the property or do I have to complete a separate form 4562 just for the roof?
Really appreciate your help! Thank you in advance.
May 12, 2021
6:38 PM