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Rental property depreciation- Dep. started 12/01/1995. How many years? When will dep. stop? Thanks, john Kiefer

 
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Rental property depreciation- Dep. started 12/01/1995. How many years? When will dep. stop? Thanks, john Kiefer

Hi John,

 

Great question. If we are speaking directly about the cost of the home and the improvements to the home, rental property depreciation extends for 27 1/2 years from the time the property is first put into use.

 

From 12/01/1995, the depreciation on that property would expire by May 31, 2023.

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