Posted by JHyre in Ohio on January 01, 2003 at 13:53:20:
Last I looked, IRS requires 27.5 year schedule for MH’s…and unfortunately, they have a lot of authority in this particular matter. I haven’t reviewed MH depreciation for a few years, I will probably revisit the topic at some point.
Tax help on mh depreciation Please!! - Posted by chill
Posted by chill on December 30, 2002 at 19:13:46:
Can anyone tell us when you buy a park with park-owned mhs, how they are depreciated? Some are as old as the early 80’s. I wouldn’t think those would have to go on a 27 1/2 year depreciation schedule.
Help tax expert, please.