Depreciating a Rental Property
As I am getting ready to do my taxes this year I started thinking about the depreciation for my rental property. I know the standard is to depreciate the rental property over 27.5 years but since I don't plan on owning my property that long as I might sell and buy another building would it make more sense to accelerate the depreciation over 10 or 15 years.
Whats the thought process on this?
Thanks,