Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 4:22:08 PM

The depreciation schedule for a rental property is 27.5 years. How many years is it for a Motorhome / Recreation Vehicle that I rent out?

0 3 8417
3 Replies
Level 15
Jun 5, 2019 4:22:09 PM

The IRS allows you to depreciate an RV over five years. You can also use the section 179 deduction.

For more information about depreciating your RV, click the link below:

http://www.irs.gov/publications/p946/ix01.html

  In order to set up as a business asset, while logged in and working on your return:

  • Click on My Account
  • Click on Tools
  • Click on Topic Search
  • Type "Business Asset" in the search window and Click on Go
  • Click "Edit" next to your business
  • Scroll Down to Business Assets and Click on Start/Edit
  • Continue with the interview to add an asset

New Member
Jun 5, 2019 4:22:11 PM

That is exactly what I needed to know.  Thank you for the quick response!

New Member
Mar 5, 2020 8:40:19 AM

I have a new RV that I have been renting out on RVShare. I  selected the Section 179 depreciation method and selected 7 years but turbotax also put a 7 year depreciation in the MACRS section. Is that possible or do I need to go delete one?