Description of WWMCOA Land and Improvements Following 2014/2015 Rebuild
Many WWMCOA members receive rental income from the slips they own; income that they report on their annual IRS tax submission.
The purpose of this analysis is to provide the relevant references required to calculate slip depreciation using the various IRS depreciation recovery periods. Nothing in this analysis is to be construed as tax advice. The data is provided only to help owners calculate slip depreciation should they chose to do so. Owners are encouraged to consult their tax advisors should they have any tax-related questions.