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Foreign Property Depreciation

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Level 2
last updated ‎April 03, 2020 3:50 AM

I am preparing a Sch E with foreign rental property. As I understand, the foreign property should be depreciated using the ADS under 30-year life and It should come on line 20c Section C on Form 4562. Anyone knows how can I achieve this result. TIA

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Level 15
last updated ‎April 03, 2020 3:50 AM

Don't mention it!

The reason is that you did not check the box for Alternative depreciation system (ADS) on the Auto & Additional Info. tab.

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Still an AllStar

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Level 15
last updated ‎April 03, 2020 3:50 AM

PTO does not have a toggle for properties used predominately outside the US.  Select 27.5 Yr residential property as usual for Method and enter 30 for Life or class life (recovery period automatic).  The depreciation will then show up on the line for 30 years.

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Still an AllStar
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Level 2
last updated ‎April 03, 2020 3:50 AM

Hi Thank you for your reply. 

I have tried this and the informaion goes to line 19h in section B. Am i missing something here, how can i show this on line 20c in section C? 

 

Highlighted
Level 15
last updated ‎April 03, 2020 3:50 AM

Don't mention it!

The reason is that you did not check the box for Alternative depreciation system (ADS) on the Auto & Additional Info. tab.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

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Level 2
last updated ‎April 03, 2020 3:50 AM

Perfect!

Really appreciate your assistance. It worked fine. 

 

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Level 15
last updated ‎April 03, 2020 3:50 AM

NP, @atif1040!

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Still an AllStar
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