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Subject:  Re: Depreciating vacation rental Date:  3/1/2013  10:45 AM
Author:  Wradical Number:  117915 of 124775

Trying to figure out the "useful life" of a vacation rental building (essentially a house).
This says residential rental is 27.5 years. But is that where a vacation rental would land?


Yes. But first comes the interest and taxes, which you get anyway, then the other expenses, and deprecation, which is a mixed benefit at best, since it lowers your basis. And your deductions are limited to your income, and nobody I know makes money on these things anyway (even the honest folks), so it's kind of academic.

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