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Why turbotax doesn't calculate the Depreciation of Rental Property over 27.5 years instead of 39 years?!

 
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view2
New Member

Why turbotax doesn't calculate the Depreciation of Rental Property over 27.5 years instead of 39 years?!

Foreign residential rental is 40 year recovery.

Non-residential rental is 39 years recovery.

End calculation depends on you making the correct selection in the Turbotax program.

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3 Replies
view2
New Member

Why turbotax doesn't calculate the Depreciation of Rental Property over 27.5 years instead of 39 years?!

Foreign residential rental is 40 year recovery.

Non-residential rental is 39 years recovery.

End calculation depends on you making the correct selection in the Turbotax program.

Why turbotax doesn't calculate the Depreciation of Rental Property over 27.5 years instead of 39 years?!

In my case, it is not foreign! And the only option I had when I wanted to include Depreciation as expense was (Non-residential ...!) The other options were related to Improvements ...etc. !!
view2
New Member

Why turbotax doesn't calculate the Depreciation of Rental Property over 27.5 years instead of 39 years?!

(Non-residential ) KEY of wrong selection on screen "what type of property is this"...residential rental is 27.5 years recovery.
The incorrect selection was made on the screen "what type of property" is this "Single family"gives 27.5 years
Commercial gives 39 years.
Needs a review and correction.
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