cred65 Posted April 26, 2014 Report Share 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 Link to comment Share on other sites More sharing options...
kcjenkins Posted April 26, 2014 Report Share Posted April 26, 2014 39 yr commercial building. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted April 28, 2014 Report Share Posted April 28, 2014 don't forget that self rental is not a passive activity. Quote Link to comment Share on other sites More sharing options...
jshtax Posted April 28, 2014 Report Share 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 Link to comment Share on other sites More sharing options...
Abby Normal Posted April 28, 2014 Report Share Posted April 28, 2014 39 Years Nonresidential real estate. Is that what you needed? Quote Link to comment Share on other sites More sharing options...
cred65 Posted April 29, 2014 Author Report Share Posted April 29, 2014 Thanks to all. Quote Link to comment Share on other sites More sharing options...
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