Rev. Proc. 2021-28

Summary

Core Terms

residential rental, depreciate, elect, real property, taxable year, recovery period, income tax return, method of accounting, modify, election year, information return, transferor, general assets, transferee-taxpayer, impermissible, change in method, automatic, permissible method, redesignate, eligibility, thereunder, partnership, straight-line, acquisition, convention, mid-month, succeed