If you are referring to the house itself, it is Section 1250 property. If you were perhaps depreciating some personal property along with the house, then that might be Section 1245 -
To quote TurboTax superuser view2:
"Section 1245 property. This type of property includes tangible personal property, such as furniture and equipment, that is subject to depreciation, or intangible personal property, such as a patent or license, that is subject to amortization.
Section 1250 property - depreciable real property, including leaseholds if they are subject to depreciation.
The most common examples of §1250 property are buildings and ..... deck, shingles, vapor barrier, skylights, trusses, girders, and gutters. ... of the cost of construction of the building and depreciated over the life of the building."
A more detailed explanation of the types of property can be found at the IRS website
If you are referring to the house itself, it is Section 1250 property. If you were perhaps depreciating some personal property along with the house, then that might be Section 1245 -
To quote TurboTax superuser view2:
"Section 1245 property. This type of property includes tangible personal property, such as furniture and equipment, that is subject to depreciation, or intangible personal property, such as a patent or license, that is subject to amortization.
Section 1250 property - depreciable real property, including leaseholds if they are subject to depreciation.
The most common examples of §1250 property are buildings and ..... deck, shingles, vapor barrier, skylights, trusses, girders, and gutters. ... of the cost of construction of the building and depreciated over the life of the building."
A more detailed explanation of the types of property can be found at the IRS website