tax depreciation on co-ops

[Alex K.]

My understanding is for resedential units and condos it would be SL for 27.5 years however for coops the formula is a bit different.

Would anyone be able advise on how this is calculated? I read some stuff on the IRS website, but I found it confusing.

[Account Closed]

The reason this is more difficult is that you own stock in a corporation than a full ownership of a piece of property.

Your actually depreciating your share of the corporations assets. The building would only be part of this. You will also be depreciating some office furniture, computers, etc all of which have different lives.