real estate investment property
Can I use an accelerated depreciation schedule for residential real estate investment property?
I understand that I will need to use a 27.5 year lifespan for residential real estate investment property, but it is unclear whether I have to use straight-line calculation or not. I seem to remember there being an accelerated depreciation schedule available for 27.5 year lifespan property in the past, but I cannot find it on the IRS website now. Any help would be appreciated. Thanks.
Almost always NO. There are a very few exceptions for example in some mobile homes which are older and are personal property (owner owns mobile and rents mobile home out, but mobile home landlord does not own the lot the mobile home sits on). You should see an accountant if you think it is worth trying.
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