You'll need to sign in or create an account to connect with an expert.
It looks like you are attempting to use MACRS for personal property as opposed to real property. The 27.5 year table actually works as straight-line since it uses a standard 3.636% per year for every year except the first and last. .
This would give you the amounts shown in the program.
You don't have to "FORCE" anything. If you identify the asset class as "Residential Rental Real Estate" the program will set up for 27.5 years depreciation. Period.
If the property is in a foreign country, then it gets depreciated:
- If placed in service in 2017 or earlier, over 39 years.
- If place in serviced in 2018 or after, over 30 years.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
sara-romes
New Member
beth39
New Member
scapel
New Member
bruce_rad
New Member
sabrinachen99
New Member