cred65 Posted April 26, 2014 Report Posted April 26, 2014 Can someone guide me to the proper depreciation table/info for an office condo purchased by an LLC taxed as partnership (married couple in OH). It will be a self rental to S corp. 100% owned by husband.TIA Quote
michaelmars Posted April 28, 2014 Report Posted April 28, 2014 don't forget that self rental is not a passive activity. Quote
jshtax Posted April 28, 2014 Report Posted April 28, 2014 don't forget that self rental is not a passive activity. Nice catch, I always try to zero out the rental activity so the losses can be deductible but on the flip side if you have other passive losses and this is a nonpassive gain they cant offset each other. Quote
Abby Normal Posted April 28, 2014 Report Posted April 28, 2014 39 Years Nonresidential real estate. Is that what you needed? Quote
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