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February 9, 2024
Question

How to use a 30 years ADS depreciation on a foreign rental property

  • February 9, 2024
  • 1 reply
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I have a foreign rental property that I purchased in 2018 and for the last few years I have been depreciating it using 30 years ADS. I started using TurboTax and when I put this rental property in the system it selected 27.5 years SL and I can't change it. What can I do in this case? 

1 reply

DaveF1006
February 9, 2024

Be sure to indicate that your property is located in a foreign country by checking the box in the Is This a Rental property or Royalty screen.

 

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