RV Park Tax Depreciation

[Anthony Capitan]

Hi Everyone,

From Jefferson Lilly's great podcast on mobile home investing (ep. 111), I know that mobile home parks have an accelerated depreciation schedule (relative to standard residential and commercial buildings) of 15 years. I'm wondering if there are any RV park experts out there who know whether or not that asset class benefits from the same accelerated schedule.

Thanks,

Anthony

[Yonah Weiss]

Originally posted by @Eamonn McElroy:

"I'm wondering if there are any RV park experts out there who know whether or not that asset class benefits from the same accelerated schedule."

Land improvements are depreciated over 15 years.

I'd imagine an RV park would have land improvements just like a mobile home park.

RV parks, are almost entirely 15-year 'land improvements' since there is not much if any (5-year) personal property, or (27.5 year) building. However it is not accurate to depreciate the whole park to 15 years. I've heard there are those that do this, but I believe it does not follow the IRS guidelines.