The National Directory of Certified Public Accountants

Ask A CPA - Depreciation

Depreciation - Rental Property Life

For rental property placed in service after December 31, 1986 the depreciation cost is recovered over 27.5 years. Only the cost of the structure is allowed as a depreciation deduction; the value of land cannot be depreciated. If the property is used for commercial purposes, it must be depreciated over 39 years.

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