Can co-owners of rental property select different depreciation methods for new items placed in service?

[pconno01]

I am a 50% owner in rental property.  This year we replaced the carpeting.  The other owner (no longer my spouse) already filed their tax return and elected to depreciate over 7 years.  Per TurboTax and the IRS publications, carpeting can be depreciated over 5 years or elected under Section 179.  Can I use the correct 5 years or elect Section 179 if the other 50% owner did not?

[DDollar · Accepted solution]

Yes, you can depreciate over five years or take the Section 179 deduction.