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Old 04-24-2008, 11:29 AM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
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How many years do I have to depreciate my Residential Rental Property?

Here are the IRS Tax rules for depreciating Real Estate Property.

For Residential Rental Property -Real Estate
Residential Property are depreciated over 27½ year life in the year placed in service.

For Non-Residential Property - Real Estate
Non-Residential Property would include any one of the following, offices, commercial space or warehouses. These properties are depreciated over 39 years in the year placed in service.
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