TT is depreciating the cost of my rental property over 39 years when it should be over 27.5 years. How do I fix this?

Forum|Forum|1 year ago
March 14, 2025
2 replies
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It is a residential property, not commercial. There's no reason it should be depreciated over 39 years.

RobertB4444

Please clarify - are you using the property for short term rentals and cleaning up after similar to a hotel? Because in that case the system will treat the property as a commercial property because you are using it as one. So your income gets listed on schedule C and the property is depreciated over 39 years.

@sungbumpark

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AmeliesUncle

Is this short-term rental (average stay of 7 days or less)?

If the average stay is over 7 days, is it under 30 days?

Are "services" provided to the tenants, such as maid service or meals?

Where are you reporting this in the program? In the "Rental" section or in the "Business" section?