TaxGuyBill
Level 15
11-02-2023
02:34 PM
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@HOPE2 wrote:
buildings and structural components, which fall under Section 1250.
Yes, and the building and structure components are generally depreciated over 27.5 or 39 years.
The Cost Seg separates out other items, which are usually §1245 property (land improvements might be §1250, but I would need to look that up).
The Cost Seg report should show the details for each of the items, including the Recovery Period.