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Form IL 4562, Special Depreciation FTP Directory Listing

Form IL 4562, Special Depreciation FTP Directory Listing

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video we'll be going over uh depreciation for both residential and non-residential uh rental or real property so uh I've been asked probably the biggest question about depreciation has to do with how to depreciate residential real property once you've placed it in a service so we'll address that I looked up examples and IR publication 946 uh which covers depreciation and amortization uh the closest that that example has is using the straight line method mid-mon convention for uh non-residential real property with a recovery period of 39 years residential real estate being uh a recovery period of 27 and a half years so if it's all right with you we're first going to go over the example as it's laid out in the form instructions for non-residential real property and then we'll kind of walk through the math of that so that you can understand how the uh conventions are calculated then we're going to go over how to apply

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