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What life to use for depreciation if the gross rental income is 50% dwelling income and 50% retail space?

dvieyra7
Level 1
 
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IRonMaN
Level 15

Break it into two assets and depreciate accordingly.


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

Break it into two assets and depreciate accordingly.


Slava Ukraini!
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rbynaker
Level 13

39-year.

168(e)(2)(A)(i) The term “residential rental property” means any building or structure if 80 percent or more of the gross rental income from such building or structure for the taxable year is rental income from dwelling units.

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