david3
Level 8
05-20-2024
05:15 PM
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That brings up another question-
If the TP did not have material participation in 2022, when the STR property was purchased, but does have material participation in 2023, how do you handle changing the depreciation in PS from 27.5 years to 39 years?
My understanding is that you can't change depreciation without a 3115 application.