real estate depreciation within a trust

[TrustUser]

That would be straight line 27.5 and opting out of any bonus depreciation if it happens to be available.

okay, i guess that is pretty close to 30. why in the heck did they make a change to 27.5 - what a crazy number - someone must have wanted to feel important !!

loans are still 30 year loans. they should have left well enough alone

 

[LdiJ]

okay, i guess that is pretty close to 30. why in the heck did they make a change to 27.5 - what a crazy number - someone must have wanted to feel important !!

loans are still 30 year loans. they should have left well enough alone

Any laws that the legislature enacts whether they are tax laws or other laws are all based on negotiations and lobbying and sometimes weird compromises happen that make no sense.

For example, the child tax credit ends the year a child turns 17, which is about as stupid as it gets, because age 17 is the year when most children get the most expensive (driver's license, car insurance). However, some compromise, somewhere made that the law.

 

[TrustUser]

just in case you were interested, my career was as a systems analyst/programmer, installing accounting applications. so i am extremely well versed in accounting. we installed the entire gambit of general ledger, accounts payable, accounts receivable, order entry, inventory, purchasing, payroll, fixed asset depreciation, and then custom modules for those who needed it. our inventory module at the time had both serialized and lot number control, which was unheard of at that time.