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February 2, 2024
Question

Tutbotax online is depreciating foreign rental property over 27.5 yrs instead of 30 yrs. I entered the foreign address in property information. How do I correct that ?

  • February 2, 2024
  • 1 reply
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1 reply

Carl11_2
Employee
February 3, 2024

Go back to the beginning of the Property Profile page and work through that section. One of the screens has a selection for you to indicate it's foreign rental property. You need to select that option.

After you select it, finish working through the Property Profile section until you get to a screen with a DONE button on it, and click that button. For some things, changes don't "take" until you click the DONE button at the end of the section you're working on.