Jordan, I recommend finding an accountant that specializes in real estate taxation over one that is local.

I have one long term rental property in Fayetteville, and an Air BnB in Southern Pines with a partner.

@Jordan AbbottNeed alot more details.

My husband is active duty Air Force right now and we currently reside in Spain.

My husband is active duty Air Force right now and reside in Spain.

Real property consists of land, buildings or other inherently permanent structures.Examples of Personal Property (contained in or attached to a structure/building)Interior LandscapingNeon or Other SignsDisplay Racks, Shelves or CabinetsWall CoveringsWindow TreatmentsCertain Air-conditioning EquipmentDecorative and Specific Business Activity Light FixturesCarpetingDecorative Trim & MillworkMachinery, Generators & Kitchen EquipmentAccordion Doors and PartitionsExamples of Real PropertyLand (non-depreciable)Buildings (27.5 or 39 year depreciation)Exterior Landscaping (15 year depreciation)Paved Parking Areas (15 year depreciation)Swimming Pools (15 year depreciation)Fences (15 year depreciation)Bridges (15 year depreciation)Side-walks (15 year depreciation)Docks (15 year depreciation)After the tax reform, the structural value of a building is depreciated over 27.5 to 39 years and the tangible portion of a building is allowed to be expensed immediately in the year the assets were placed into service by the business.

However, have someone take a second look at your numbers that owns several Air Bnbs and maybe they can spot if your numbers are accurate. 

Obviously it depends on the individual if a large purchase like that is a problem, but better to air on the side of caution.

@Jordan Ness - I have a good friend who specializes in commercial real estate that may be able to help. 

On the evening that scene aired, L.A.’s real-life mayor, Eric Garcetti, stood at his own podium and reported that Angelenos were dying of COVID-19 at a record-breaking rate of one every eight minutes.