Skip to main content
June 3, 2019
Question

Why do I have a low (645) annual depreciation from Turbo Tax for 62,000 rental renovation?

  • June 3, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Employee
June 3, 2019

Generally, renovations can be depreciated over the same time period as the property to which they're attached, so renovations to rental houses and apartment buildings have a 27.5 year depreciation period, while renovations on commercial properties get depreciated over 39 years.

When were the renovations done?  Is the property in the USA?