Updated 8 months ago on . Most recent reply
RV Depreciation for 2024 taxes
Hi! I have a short term rental property. It's a 5th wheel located at a campground. It does not get moved. Will the RV be depreciated at 5 years or 27.5 years? I am unable to find anything giving me a for sure answer. Thanks!
Most Popular Reply
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
- 15,793
- Votes |
- 12,829
- Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I googled it and found this:
If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E. Per IRS, it is depreciated over five years.