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.
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.