Level 15
07-21-2024
09:24 AM
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I would agree with @TaxGuyBill. Depreciation for a rental vs. non rental activity is based on specific rules. That is determined at the BUILDING level. There's an 80% of income rule, so even though you have both short and long term activities the entire building may be depreciated at either 39 or 27.5 years, depending on analysis.