In the United States, the IRS considers residential real estate to be a property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5-year modified accelerated cost recovery system (MACRS) schedule for depreciation. Income from residential property...
Less – accumulated depreciation and amortization (390,556) (443,781) 2,823,270 2,947,707 Real estate held for sale, net — 58,608 Net investment in rental property 2,823,270 3,006,315 Cash and cash equivalents 18,398 28,007 Restricted cash 22,533 26,572 Investments in unco...