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Rental property in Puerto Rico

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Level 2

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?

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Level 15

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

Former Chump... umm.... AllStar.
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Level 3

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.