Thank you for the information.
I don't have deep knowledge about rental depreciation and I could be completely wrong, as it is the first time I am doing my taxes myself after living in the USA for almost 30 years.
From what I understand, I believe that the table on page 33 of publication 946 applies to the ADS (Alternative Depreciation System).
What you are trying to say is that the depreciation system that must be used for rental outside the USA should be ADS and not (GDS) General Depreciation System due to the fact that it must be 30 or 40 years of depreciation depending on the date when it was posted in service.
On page 9 of publication 527 it mentions in the third paragraph under “Electing ADS, that this system can only be used for a rental property if it is elected in the first year that the property was put into service.
In my case, my account, in the first year of service (2015) decided to use (GDS) General Depreciation System, and in this case, then: 1. should I switch to ADS system? 2. how can I do that?
Table 2-1, on the same page, shows how many years of depreciation apply to the GDS and ADS.
I still haven't found any instructions or publications from the IRS where it CLEARLY mentions what the depreciation system is and how many years it should be used to oversee rental property.
This is really what I would like to see. Perhaps someone from the Turbotax team should shine some light on this topic.
