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Updated almost 9 years ago,

User Stats

2
Posts
1
Votes
Sue Spencer
  • Investor
  • New Orleans, LA
1
Votes |
2
Posts

Sale of rental house depreciation of appliances

Sue Spencer
  • Investor
  • New Orleans, LA
Posted

First time I have sold a rental house. I've always done my own taxes. I have been depreciating the refrigerator, gas range, carpeting and tile flooring improvements separately from the house as they were improvements added several years after the purchase of the house. So they aren't part of the cost basis of the house. Yet the sale of the house included all those items. So when filling out the disposition of assets form do I say that I sold them for $0 (basically threw them in for nothing)? Or do I give them a thrift store value? Since I didn't receive any separate compensation for them that doesn't seem to make sense?

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