All Forum Posts by: Josh Kroll

Wow, thanks Paul! This is quite helpful. I was told by a colleague that manufactured homes are considered "chattel" (e.g. like an automobile) and as such have a depreciation schedule like personal property, e.g. 5, 7, 10 yrs, so I am surprised to hear your comments that it is longer than that. Keep in mind they are sitting on leased land, so they are not considered real estate from a traditional standpoint. Josh

I would greatly appreciate if someone could let me know the correct # of MACRS depreciation years that a manufactured home not anchored to land (e.g. sitting on leased land). Specific links or references to IRS publications would be ideal. Thanks in advance!