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ravi-awate
New Member

I need to choose rental real estate depreciation period to be 27.5 instead of 40 years (not able to choose)

This rental property is used for residential purposes and not used for business
1 Best answer

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Zbucklyo
Level 9

I need to choose rental real estate depreciation period to be 27.5 instead of 40 years (not able to choose)

If it is a foreign rental property the depreciation period is required to be 40 years.

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3 Replies
Zbucklyo
Level 9

I need to choose rental real estate depreciation period to be 27.5 instead of 40 years (not able to choose)

If it is a foreign rental property the depreciation period is required to be 40 years.
jjurski
New Member

I need to choose rental real estate depreciation period to be 27.5 instead of 40 years (not able to choose)

why is that? <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-prior/p527--2016.pdf">https://www.irs.gov/pub/irs-prior/p527--2016.pdf</...> does not differentiate between foreign and US-based properties
tagteam
Level 15

I need to choose rental real estate depreciation period to be 27.5 instead of 40 years (not able to choose)

".... www.irs.gov/pub/irs-prior/p527--2016.pdf  does not differentiate between foreign and US-based properties"


See Pub. 946 --> https://www.irs.gov/publications/p946#en_US_2017_publink1000107510

Required use of ADS.

You must use ADS for the following property.

  • Any tangible property used predominantly outside the United States during the year.

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