@binseal wrote:
It is a residential rental property. I bought it in 2022. Not sure can I use TurboTax Premier for accelerated decreciation because I did a lot of improvement for the property.
With respect to residential real estate, many improvements, and the structure itself, use a recovery period of 27.5 years and the straight line method of depreciation (straight line depreciation is actually a type of MACRS).
