I have properties in Germany which were placed in service after 2021. In Federal tax, they are depreciated over a 30-year period as they are foreign properties. However, in CA tax, Turbotax is using 27.5 year for the deprecation. The difference causes an adjustment between my Federal tax vs CA tax.
I tried to look up all the rules I can. I do not think it is correct to use 27.5 years in CA tax for foreign properties. My prior year return was prepared by a CPA and he used the same 30 years depreciation period for both CA and Federal tax. So, no adjustment is needed.
Now, with the 27.5 year in CA tax, this is inconsistent to my prior year depreciation years.
I would appreciate any insight on this. Is there a way I can change the CA tax from 27.5 to 30 years? I am using Turbotax desktop. Thanks a lot in advance.
