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Qualifying Residential rental improvements

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    Qualifying Residential rental improvements

    Looking in TTB 9-18 & Pub 527, didnt seem to locate anything. TP replaced some appliances with new appliances thus 5 yr property and new so qualifying property?

    I cannot seem to locate a life for replacing linoleum flooring with ceramic tile flooring.

    #2
    Originally posted by AZ-Tax View Post
    Looking in TTB 9-18 & Pub 527, didnt seem to locate anything. TP replaced some appliances with new appliances thus 5 yr property and new so qualifying property?
    Qualifying for what?

    If it is bonus the answer is yes.

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      #3
      Thank you Gretel

      Thank you Gretel, and a Happy Easter to you, yes is was the bonus thing I was wondering about. Now, my other question about replacing a Linoleum floor with ceramic tile in a rental, depreciation life?

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        #4
        I don't know if there is any way out of 27.5 yrs since the tiles are attached to the building.

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          #5
          Originally posted by AZ-Tax View Post
          Thank you Gretel, and a Happy Easter to you, yes is was the bonus thing I was wondering about. Now, my other question about replacing a Linoleum floor with ceramic tile in a rental, depreciation life?
          I would consider that an improvement, depreciable over 27.5 yrs since it was not merely replacing the old linoleum with new linoleum, which might be considered a repair.

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            #6
            This is an improvement depreciated at 27.5
            Believe nothing you have not personally researched and verified.

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