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Level 1
June 3, 2019
Question

Why do I have a low (645) annual depreciation from Turbo Tax for 62,000 rental renovation?

  • June 3, 2019
  • 1 reply
  • 2 views
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1 reply

Alumni - Champ
June 3, 2019

Generally, renovations can be depreciated over the same time period as the property to which they're attached, so renovations to rental houses and apartment buildings have a 27.5 year depreciation period, while renovations on commercial properties get depreciated over 39 years.

When were the renovations done?  Is the property in the USA?