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Depreciating a rental roof over 39 years instead of 27.5

Turbo tax is depreciating a rental roof over 39 years instead of 27.5. Why is that, and how do I change it? It is in the program as a residential asset not commercial.

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Accepted Solutions

Depreciating a rental roof over 39 years instead of 27.5

Choose Residential real estate since that will give you a 27.5-year recovery period.

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3 Replies

Depreciating a rental roof over 39 years instead of 27.5

Where are you entering the information in the program? Also, what type of return are you preparing?

 

If you are using the Rental Real Estate tab, make sure to select Residential real estate, not Nonresidential real estate.

Depreciating a rental roof over 39 years instead of 27.5

Thanks for the reply. 

 

I'm entering it in the "Rental Real Estate" section.   My choices are:

- Land Improvements

- Residential real estate

- Amortized Intangibles

-Nonresidential real estate

- Qualified Improvements

- Roofs/HVAC/Fire (I'm choosing this one)

- Other

 

Depreciating a rental roof over 39 years instead of 27.5

Choose Residential real estate since that will give you a 27.5-year recovery period.

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