Investors & landlords

If I enter it as Real Property it calculations depreciation over 40 years,

If the property is not in the U.S., but a foreign country *and* the property was place in service in 2017 or earlier, then 40 years depreciation is correct.

If the property is not in the U.S., but in a foreign country *and* the property was placed in service in 2018 or after, then it's depreciated over 30 years.

If the property is in the U.S., then it's depreciated over 27.5 years.

The program handles all three scenarios just fine, without having to enter it as other assets.

In t he Assets/Depreciation section click "Add an Asset" and work it through as you normally do for residential rental real estate. On the first screen, "Is this rental property or royalty?" make sure you have selected weather it's foreign or U.S.