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Updated over 10 years ago on . Most recent reply
John ThedfordPoster#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
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Replace A Front Door: Expense Item Or Depreciable Item
Hello all: I am curious how your CPA or tax preparer handles these items.
Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate it. He also had ideas on appliances that I thought were different: on an appliance package purchased for a new rental he wants to depreciate them vs a replacement item such as just replacing the dishwasher he want to expense the total cost that year. I am wondering if his methods of preparing taxes could cause some problems with the tax man. Thoughts?