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The new tax law has changed the depreciation length or

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residential rental buildings will we...
The new tax law has changed the depreciation length or residential rental buildings will we have change the depreciation schedule for existing properties?
Submitted: 5 months ago.Category: Finance
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1/9/2018
Financial Professional: TaxRobin, Senior Advisor replied 5 months ago
TaxRobin
TaxRobin, Senior Advisor
Category: Finance
Satisfied Customers: 18,057
Experience: 15 years of experience in financial advising with emphasis on tax issues.
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Financial Professional: TaxRobin, Senior Advisor replied 5 months ago

You should not need to make any changes to property already in service. The new law effects property placed in service after Dec. 31, 2017.

Existing properties are not effected.

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