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cripesd
New Member

I've specified a foreign rental property in the property profile but depreciation is calculated over 30 years when it should be 40. How can I update it to 40?

 
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1 Reply
ColeenD3
Expert Alumni

I've specified a foreign rental property in the property profile but depreciation is calculated over 30 years when it should be 40. How can I update it to 40?

With tax reform, the new asset life for a foreign residental real property is 30 years and 40 years for non-residential real.

 

Foreign real property

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