Self Storage Investing

What is the depreciation life of a self-storage unit?

What is the depreciation life of a self-storage unit?

The depreciation life of a self-storage unit can vary depending on its classification for tax purposes and can significantly impact the financial performance of a self-storage facility. Storage units are considered “tangible personal property” under the U.S. tax code, allowing for a shorter depreciation schedule. Instead of the standard 39-year class life for commercial buildings, storage units can be depreciated

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