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Investors & landlords
Yes, the convention should be the difference. Depreciation is guided by the type of property and date placed in service. The conventions are mid-month, mid-quarter, half-year so it probably won't be an exact match of your date in service. If you like details, let me give you more.
Your rental will use MACRS.
Reference:
About Publication 527, Residential Rental Property Including Rental of Vacation Homes states:
MACRS Depreciation
Most business and investment property placed in service after 1986 is depreciated using MACRS.
This section explains how to determine which MACRS depreciation system applies to your property. It also discusses other information you need to know before you can figure depreciation under MACRS. This information includes the property's:
Recovery class,
Applicable recovery period,
Convention,
Placed-in-service date,
Basis for depreciation, and
Depreciation method.
From there:
information you need to know before you can figure depreciation under MACRS. This information includes the property's:
Recovery class,
Applicable recovery period,
Convention,
Placed-in-service date,
Basis for depreciation, and
Depreciation method.
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