Our current MACRS rules were enacted by Congress with the Tax Reform Act of 1986. Prior to 1987, real estate investors used the Accelerated Cost Recovery System (ACRS), which offered a more advantageous depreciation system. ACRS depreciation periods ranged from 15 to 19 years for investment real estate, almost half the time MACRS required.

If you bought your investment property and placed it into service before January 1, 1987, you may qualify to use these shorter, more beneficial depreciation rates. Consult your CPA or the IRS for more information.

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