- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you change the classification now it may change the depreciation allowed because of the change in the time you depreciate the assets. But as long as you make certain that the prior years' depreciation is correct changing the classification should only change the allowable depreciation for this year and since you're disposing of the asset and recapturing all of the depreciation that you took it shouldn't make any difference.
**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"
March 6, 2023
10:41 AM