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New Member
posted Feb 2, 2024 10:23:26 AM

Tutbotax online is depreciating foreign rental property over 27.5 yrs instead of 30 yrs. I entered the foreign address in property information. How do I correct that ?

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1 Replies
Level 15
Feb 2, 2024 5:56:07 PM

Go back to the beginning of the Property Profile page and work through that section. One of the screens has a selection for you to indicate it's foreign rental property. You need to select that option.

After you select it, finish working through the Property Profile section until you get to a screen with a DONE button on it, and click that button. For some things, changes don't "take" until you click the DONE button at the end of the section you're working on.