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Depreciation vs. Repairs
I was wondering if the following repairs or updates would be considered a repair or depreciation.1) Kitchen Flooring 2) New Appliances 3) New Tub 4) Kitchen Cabinets 5) Water HeaterI'm guessing Appliances and Water He...
Clayton Smith
Cost Segregation depreciation
I built a house this year that is now a rental property. I have all the cost and paperwork to back them up. This sounds like a perfect situation for using cost segregation depreciation. I am looking for a breakdown of...
Jason Lam
Refinance Depreciation items
I work in finance and do my own taxes as its normally pretty straight forward. I did however just refinance an investment property to take advantage of the lower rates. I understand underwriting fees, title fees, reco...
Frank Chen
HVAC Depreciable Life
What is the depreciable life for a HVAC unit within a commercial building? Is it considered equipment depreciated for 7 years or qualified improvement property depreciated at 15 years? I'm not seeing a clear answer un...
Johnny Gonzalez
Appraisals and Depreciation
Hi all,
I'm hoping some of you guys may be able to help a newbie investor out. After much reading, studying, and vetting, I have made the decision to purchase my first rental property via turnkey with all cash. REI N...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Nia Ramsey
Appreciation & Depreciation
Is there a website I can use to find out how houses are appreciating/depreciating in a certain neighborhood?
Michelle Caines
Property values depreciate??
Hi BP,I've been looking at potential rental properties with no particular location in mind and came across homes in Danbury CT. According to Zillow, a great amount of homes here that are in the $200-300k price range h...
William Reed
Haven't been depreciating
I recently found out that I had not been depreciating my rental property in Fayetteville, NC. We originally purchased the house in 2006 and have been renting it out from 2010 - present. We would like to file a change ...
Erik Garland
Depreciation on Foreclosure
Hey guys/gals. Straight to the pointI purchased a foreclusure for approx 24k, it didn't need much work, maybe 2k. The Tax value with county is 37k for building and 5k for land. When getting cost basis for straightli...