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kmsharrow
New Member

Non residential real property

Can I use Turbo Tax Home and Business 2022 to depreciate non-residential real property?  I have a rental property that is 50% residential and 50% commercial.  The building was placed in service on a 27.5 and 39 year depreciation schedule in 2021 by a tax professional.  I don't see an option in Home and Business to continue the 39 year schedule.

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1 Reply

Non residential real property

If you want two separate schedules in TurboTax, you will have to enter the property as two separate assets.

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