I have a rental property which is qualified to be a short term rental. I am trying to find how I can use Accelerated depriciation. Does anyone know how.

I am able to do the Cost segregation analysis and a linear depreciation over 27.5 years in turbotax. I want to know how I can add accelerated depreciation for the property.

1369

Expert Alumni

Feb 2, 2023 8:51:16 AM

Residential rental property with a depreciable term of 27.5 years is required to use the ADS system of depreciation and does not qualify for the special allowance. Similarly, property converted to personal use during the year, to which short-term rental properties would apply, also do not qualify for the special allowance. See pages 23 and 24 of IRS Publication 946, How to Depreciate Property

Publication 946

@kiran-nellimarla

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I have a rental property which is qualified to be a short term rental. I am trying to find how I can use Accelerated depriciation. Does anyone know how.