|Posted on 30 August, 2015 at 21:40||comments (26)|
This is a great post written by Richard Hart EA, CAA, President at Hart & Associates, www.Hartassociate.com
I get asked about the rules regarding US Depreciation of Income producing rental property quite often. Below is a list of some basic rules.
- Residential buildings (dwellings, apartment buildings, condominiums, and co-op apartments) must be depreciated over 27.5 years.
- You cannot depreciate t...