topic 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? in Investors & landlords

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?

vitowest — Wed, 05 Jun 2019 23:22:08 GMT

The IRS allows you to depreciate an RV over five years. Y...

MichaelL1 — Wed, 05 Jun 2019 23:22:09 GMT

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

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

vitowest — Wed, 05 Jun 2019 23:22:11 GMT

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

Re: 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?

H2FCA — Thu, 05 Mar 2020 16:40:19 GMT

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?