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aanand55
New Member

How to change International rental property depreciation to 40 years

 
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2 Replies
ColeenD3
Expert Alumni

How to change International rental property depreciation to 40 years

At the very beginning, when you are entering the address, you will be asked if it is foreign property. You will be asked again later in the interview section.

 

 

Carl
Level 15

How to change International rental property depreciation to 40 years

Assuming this is "residential" rental property outside of the U.S., if it was placed in service in 2020, then it gets depreciated over 30 years. Not 40 years.

Only foreign residential rental property placed in service "before" 2018 gets depreciated over 40 years.

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