@dllr597387 wrote:
I did not remember seeing that as an option when doing my taxes from TurboTax. I’ll review the rental income again.
That would be a good idea.
However, that recovery period is not an option in TurboTax. Unless you indicate that the property is located in a foreign country, the program will default to the 27.5 year recovery period. I do not believe that can be changed without doing an override in Forms Mode.
Regardless, the extra 2.5 years will most likely not make a significant difference.
