Lolajean123
Level 1
07-18-2024
12:56 PM
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I have a client that owns a duplex where she rents half of it out to tenants and her sole proprietorship uses the other half. For depreciation, I believe the building should be depreciated over 39 years (as a commercial property) since it does not pass the 80% rule (80% is not used for residential). Is this correct thinking?
Also, would the depreciation be reported on sch c then?
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