Depreciating a rental roof over 39 years instead of 27.5
Turbo tax is depreciating a rental roof over 39 years instead of 27.5. Why is that, and how do I change it? It is in the program as a residential asset not commercial.
Turbo tax is depreciating a rental roof over 39 years instead of 27.5. Why is that, and how do I change it? It is in the program as a residential asset not commercial.
Choose Residential real estate since that will give you a 27.5-year recovery period.
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