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The following table provides information about how the CA treatment will be built for real estate acquired 1/1/71 or later - residential rental - new.
When the Tax method is | CA treatment will be set up as |
---|---|
All MACRS and ACRS methods or 200% DB |
Method: 200% DB Life
|
Straight Line |
Method: Straight Line Life
|
125% DB |
Method: 125% DB Life
|
150% DB |
Method: 150% DB Life
|
Years Digits |
Method: Years Digits Life
|
Land |
Method: Land Life: Uses the life entered in the Life field for the Tax treatment. |
Assumption
Real property assets with a Tax life of 31.5 or 39 or greater than 40 are considered commercial and industrial assets. All other real property assets are considered residential rental assets.
After building the CA treatments, you should review and modify the CA treatment lives for the following assets.
- Commercial and industrial assets where the Tax life is not 31.5 or 39 and is not greater than 40
- Residential rental assets where the Tax life is 31.5 or 39 or greater than 40.
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