838410
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

howard-jung
Returning Member

How do I change the duration of amortization over which real estate is depreciated uses? Turbo tax automatically uses 40yrs. My accountant used 27.5 yr in previous return

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How do I change the duration of amortization over which real estate is depreciated uses? Turbo tax automatically uses 40yrs. My accountant used 27.5 yr in previous return

Is the residential rental property located outside the US?  If so, then 40 years would be correct for property place in service prior to 2018.

US nonresidential real property is depreciated over 39 years.  US residential rental property is depreciated over 27.5 years.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question