- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The acquisition date for new construction is the date on the Certificate of Occupancy (if any) or the date it was available to be rented (for a rental property). Be sure you enter the ADU as a rental property and the construction costs as a rental real estate asset. This will result in the allowable depreciation period of 27.5 years.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 19, 2023
12:23 PM