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Investors & landlords
@DianeW777 , somewhat related question for you. I did a cost seg study on a property, and I’m inputting the various line items in TT - 5 Year items, 15 year items, and then the 39 year items (Short term rental commercial property). I noticed for the 1st line item of the 5 year items, it gave me the recommended option to use the Section 179 for 100 depreciation but when inputting the 15 year item, it didn’t have Section 179 as an option and instead had the ‘Special Depreciation’ option, which I chose. So I have the 5 year items set as Section 179 and the 15 year item as Special Depreciation and then the rest over 39 years. Does this sound right to you? Thanks!
February 6, 2023
12:51 PM