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Updated 11 months ago on . Most recent reply

User Stats

114
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34
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Pandu Chimata
34
Votes |
114
Posts

Regular depreciation for Short Term Rental properties

Pandu Chimata
Posted

Hello tax experts, I have specific question on filing taxes for Short term rental property (30 days or less). I am not talking about bonus depreciation here. 

My question - my CPA used to account for depreciation until last year as 27.5 years (residential property) but starting this year and going forward, he says it should be considered as commercial property depreciation rules (like 39 years) . 

Is this a  new change or he realized that he made a mistake in the previous returns? Any clarification on this appreciated. 

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