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@jgcpa wrote:

Excepted property. Even if the property
meets all the requirements listed earlier under
What Rental Property Can Be Depreciated, you
can’t depreciate the following property.
• Property placed in service and disposed of
(or taken out of business use) in the same
year.

 

The Publication says Property ( not personal Property)

 

•

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That is what the Publication says, but I've never been able to find any basis of that applying to real estate.

The only place I've seen that is in Regulation §1.168(d)-1, and that Regulation is about Half-Year and Mid-Quarter conventions, neither of which apply to real estate.

https://www.law.cornell.edu/cfr/text/26/1.168(d)-1