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We replaced the roof on a residential rental property and need to know what to use for the classification and useful life to calculate depreciation?

April 26, 2017CALCULATE Classification depreciation life Property rental Residential roof useful

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We replaced the roof on a residential rental property and need to know what to use for the classification and useful life to calculate depreciation?

1 Answer

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10 Posted

Replacement of a roof on a residential rental property is considered to be a capital improvement to the structure. The roof would be in the class of residential rental property with a recovery period of 27.5 years using the straight line method of depreciation. For more information, refer to Publication 527, Residential Rental Property, and Publication 946, How to Depreciate Property.