Mobie Home - Accellerated Depreciation

[Bill Schrimpf]

Will a mobile home, newly purchased from the factory put to use as a rental, that is not immediately converted to real property, qualify for the 2017 accelerated deprecation, since it's personal property ?  If the answer is "yes" then after taking the accelerated depreciation, could it then be converted to real property and take the standard deprecation at 27.5 years?  Would this be a tenable application of tax law?  I've asked this question of 2 CPA's.  One yes, and one no.  There appears to be some differences between how lenders treat mobile homes versus the IRS.

From a lending and Realtor perspective, I'm familiar with the personal/real property designation (and how to convert the mobile to real property), but not from the IRS tax perspective.  

[Yonah Weiss]

@Bill Schrimpf If the mobile home is treated as 'personal property' from a depreciation perspective, and it gets fully depreciated as 5 year property (or in the first year with 100% bonus depreciation), you cannot depreciate it again. Even if you convert it to real property, the reality is that it's been fully depreciated already.