You'll need to sign in or create an account to connect with an expert.
Yes, you absolutely do. When entering each property in Turbotax, pay attention to detail and make absolutely certain that you select the checkbox to indicate that it is foreign rental property. Otherwise, your depreciation will be wrong.
Domestic rental property is depreciated over 27.5 years.
Foreign rental property placed in service *BEFORE* 2018 is depreciated over 39 years.
Foreign rental property place in service in 2018 or *AFTER* is depreciated over 30 years.
Many thanks Carl - that’s really helpful!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
noodles8843
New Member
josephmarcieadam
Level 2
abarmot
Level 1
chiroman11
New Member
Micky2025
Returning Member