Category: Deductions &
Credits Copyright 1998, The Tax Resource Group. All
rights reserved. Telephone 800-578-3498. Internet: www.taxresourcegroup.com Taxpayer owns as multi-level concrete parking structure constructed at the cost of approximately $6 million. The property was placed in service after 1993. I see no support whatsoever for depreciating this property over a life other than 39 years. It is apparent that the parking structure is simply nonresidential real property. Absent a special ruleand I find no such rulenonresidential realty must be written off over a period of 39 years.  |