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re: Help me understand depreciation on a rental property
Posted on 10/12/23 at 1:59 pm to Buddy the Tiger
Posted on 10/12/23 at 1:59 pm to Buddy the Tiger
I believe the dwelling is depreciated over 27.5 years like others have said, but I was able to deduct (hopefully legally) non attached property from the house over 5. Refrigerator, AC, etc. my CPA asked me to break down the value of each land, dwelling and non attached property.
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