how many years do you depreciate a rental house?
how many years do you depreciate a rental house?
Homework Answers
Ans: 27.5 Years
As per IRS, any residential rental property placed in service after 1986 is depreciated using the Modified Accelerated Cost Recovery System (MACRS), an accounting technique that spreads costs (and depreciation deductions) over 27.5 years. This time is considered as useful life of property.
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