Carl
Level 15

Investors & landlords

But what is the quote from P527 trying to say? Or is that just IRS gibberish that says what you said?

I't saying the same thing I said. Note the word "retroactive" appears nowhere in the part you quoted.  You're just reading things between the lines that just aren't there. The more definitive publication on depreciation is actually IRS Publication 946, of which rental real estate is only a small part of that publication.