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Question

I purchased a camper van for rental business and want to add it as an asset for depreciation, but the options listed dont really match.

Forum|Forum|1 year ago
February 25, 2025
1 reply
0 views

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Employee

If the camper van is a wheeled vehicle with a motor, it would be classified as a passenger automobile (truck/van). This asset class is available in TurboTax. The vehicle has a 5-year useful life and there are limits to the amount of depreciation that can be claimed.

A van is distinct from a mobile home, which is classified as residential rental property with a 27.5 year life. The distinction is made because a mobile home is rarely moved and is generally installed at a permanent location.

See more: IRS Pub 946 Passenger Automobiles

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