Vanessa A
Expert Alumni

Investors & landlords

If you purchased a rental home, you cannot claim special depreciation for the home.  The special depreciation is for other assets for the rental such as a new water heater, roof, new fence or other residential rental property with a depreciation life of less than 20 years.  The house or rental building itself is depreciation over 27.5 years so it does not qualify for section 179 special allowance. 

 

So, you are correct in using residential and TurboTax is correct in not giving you the special depreciation option.   

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