Greta
Level 9

Successful realtor bought a trailer for $20K as temporary housing for homebuyers to facilitate sales. Is this a legitimate deduction, and if so, what length of depreciation? I've known him for decades, and he works nonstop, he has no family, I will ask if this is the only use for the trailer.

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TaxGuyBill
Level 15

It seems legitimate to me.

It depends on what you mean by "trailer".  I suspect you mean a manufactured home that is permanently attached to the ground, which would mean it would be depreciated over 39 years.  If it is something mobile (such as on wheels), then it probably would be 7 years.

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Terry53029
Level 15
Level 15

If the trailer is 1245 property (as Bill said not attached to land) class life is 5 years

Greta
Level 9

Very helpful! Thank you all.

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