turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Depreciation period for overseas rental condo

TT is using a 30 year period for depreciating my rental condo overseas. It should be done over 40 years. In the Profile for the property I show that it is oversas and  enter the overseas address as well (with country selected from the drop down menu, etc). Whay may I be doing wrong?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Carl
Level 15

Depreciation period for overseas rental condo

The tax code changed with the Tax Cuts & Jobs Act of 2018. Foreign residential rental real estate placed in service ***AFTER*** Dec 31, 2017 is depreciated over 30 years.

 

Manage cookies