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    How do I enter 40 year ADS depreciation for a foreign rental property placed in service before 2017?

    internet
    Level 2
    ‎01-22-2022 03:25 PM
    How do I enter 40 year ADS depreciation for a foreign rental property placed in service before 2017? I can't see this in the dropdown.
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    2 Comments 2
    George4Tacks
    Level 15
    ‎01-23-2022 10:11 AM

    Use code 91 for straight line, 40 year life


    Answers are easy. Questions are hard!
    EHalvorson
    Level 2
    ‎04-29-2023 12:07 AM

    Technically, Select 85 under Method, enter 40 under Life, go to the Additional Info screen, scroll down to and check the box for Alternative depreciation system (ADS)





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