Depreciation

Depreciation - rental property life

Answer:

For rental property placed in service after December 31, 1986 the depreciation cost is recovered over 27.5 years.
Only the cost of the structure is allowed as a depreciation deduction; the value of land cannot be depreciated.
If the property is used for commercial purposes, it must be depreciated over 39 years.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Depreciation Questions

View More Questions