Carson man
Level 1
12-29-2020
11:51 AM
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Thank your for your reply. The reason why I do not think it qualifies is that a mobile home used for a rental is considered residential real property (has a bathroom, sleeping facilities and kitchen) though personal property is depreciated over 27.5 years (Sec 168(c)). If follows commercial rental that is permanently used for an office and not easily moved would be 39 year property.
If it is not easily moveable, it would be section 1250 property but easily moveable 1245. If it is permanently anchored in placed it is clearly 1250, but if not anchored but has plumbing electrical hard wired into it then does that make it 1250 property or not?