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Investment Property Depreciation

Investment Property DepreciationCan I use an accelerated depreciation schedule for buildings of residential real estate investment?

I understand that I need to use a lifetime of 27.5 years for residential property REITs, but it is difficult to know whether I should use the calculation of straight line or not. I seem to remember there is a schedule of accelerated depreciation of assets available for 27.5 years during the life of the past, but I can not find it on the IRS website now. Any help would be appreciated. Thank you.

Almost always NO. There are a few exceptions, for example in some mobile homes that are older and are personal property (mobile homeowner owns and leases the mobile home, but the mobile home owner does not have the fate of the mobile home rests on) . You should consult an accountant if you think it is worth trying.

27.9 is the accelerated schedule, if it is 29 years.

Not very fast is it?

Posted on January 13, 2010.
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