Improvements Before Rental Property Is Placed In Service

[Britt Griscom]

Hi.

This summer we bought a condo and renovated it before placing it in service. One of the renovations was a laminate wood floor, which, because it is not permanently attached to the building, is normally only depreciated over 5 years. However, the condo itself is depreciated over 27.5 years. If the condo had already been in service, we would have depreciated the laminate flooring over 5 years, but since we hadn't placed the condo in service before we added the laminate flooring, do we have to group it with the condo itself and depreciate it over 27.5 years?

I have the same question for appliances that we added before placing the condo into service.

Thanks!

[Brie Schmidt]

@Britt Griscom I am 99% sure anything doing before placing it into service has to be depreciated over 27.5 years.  But @Steven Hamilton II would be able to answer for sure.  I also suggest getting this book if you are doing your own taxes 

http://www.amazon.com/Every-Landlords-Tax-Deduction-Guide/dp/1413321143/ref=sr_1_1?ie=UTF8&qid=1421641337&sr=8-1&keywords=landlord+tax+deductions