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Updated almost 7 years ago,
Depreciate Household Appliances without Receipt
Hi BP community,
I recently bought my first property, which is a condominium (and will be used as a rental property). Seller has replaced old carpeting with new, new vinyl, all interiors with fresh coat of paint as well as the installation of new appliances (dishwasher, refrigerator, stove and range hood).
My challenge is that I haven’t received any receipts for these newly acquired appliances. How would I go ahead and deduct/depreciate these personal properties during tax season without having any adequate proof of purchase?
Much appreciated and thanks to all!