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.
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.
