Re: Rental property in Puerto Rico

tcerny51 · ‎03-18-2020

My client is an IL resident. She purchased a condo in PR with intent of renting it out. Do I treat property in PR same as I would any other rental property in US or are there some differences?

abctax55 · ‎03-18-2020

I believe foreign property has to be depreciated over 40 30 years (for residential, 40 for commercial) .

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MrMojo · ‎09-03-2020

Puerto Rico is a Commonwealth of the United States and not a foreign country.

Since it's not a foreign country, then it should be 27.5 years for residential rental property.

Rental property in Puerto Rico

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