Thanks for the BILL – 115hr1enr.
I read it over and I believe the only pages that talk about depreciation are pages 57 and 58. However, they don't mention anything specific about residency outside the US.
My account that did my taxes when I place my rental house in service depreciated it using GDS system and a recovery time of 27.5 years.
The only way I have to convince him to fix his mistake will be to find a document from the IRS that clearly shows that foreign residential rental real estate placed in service on or before Dec 31, 2017, must be depreciated using ADS system using a recovery period of 40 years.
Appreciate any help.
Thanks
