Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Depreciation for four unit apartment
Good morning, I purchased a fourplex last year May. A month later one of the tenant whose lease expired moved out. I took the opportunity to redo that apartment new flooring, new appliances, painting at a cost of about$7,500. I was thinking that would go toward expenses however my CPA reduced the depreciation and called it capital improvement. Instead of having a $9,200 depreciation its now $1,700. ($9,200-$7,500). Is this OK? Thank you.