Rental property purchased in 1986- 19 year depr

[jasdlm]

I'm not sure what method this 19 year depreciation is (or what convention). Prior preparer left both blank. Anyone know?

Thanks.

[jklcpa]

ACRS stands for accelerated cost recovery system. ACRS-19 was for real property property placed in service after 5/8/85 and pre-1987. ACRS was the predecessor to MACRS, the "M" meaning modified. This method used a table that was 19-year 175% declining balance with a mid-month convention. The table had yrs 1-20 down the column and the 12 months across the top. It should be fully depreciated by now.

I looked at the input for the asset entry, and I believe the method you would choose is A19, and the convention code would be MM for mid-month.

[jasdlm]

You rock. Thanks so much for all the excellent information!

[jklcpa]

Thanks. I think it just shows how old I'm getting. :)