qbteachmt
Level 15
09-21-2020
02:26 PM
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"Would it be Residential rental real estate?"
No, because your client is not Keeping the property and Operating it. Depreciation applies to something In Service and starting to "wear out a bit" per its Use under the IRS regulations. You have neither condition here: It's not Residential Real Estate being rented.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers