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.

Real Estate 101

Real Estate 101

This book makes it easy to not only buy a home, but figure out everything that you need to do, even get a loan. In simple and easy to understand language, it talks about where you should buy a home, what to look for in a home, how to find a home, how to get an agent, how to get a mortgage and more. This is a step by step process that you, a new home buyer, can use to purchase a home.

Get My Free Ebook

Post a comment