Depreciation - 27.5 Year Property

Residential rental property consisting of a building in which 80% or more of the total rent is from dwelling units is considered 27.5 year property. It also includes manufactured homes that are residential rental property and elevators and escalators.

Note If you need professional help with "Depreciation" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.