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    Recovery Period

    What is the MACRS recovery period for a piano?

    #2
    I would go with seven

    Originally posted by KWF View Post
    What is the MACRS recovery period for a piano?
    I would go with seven years since it's not mentioned in Pub 946 nor the Instructions to Form 4562 that I can find. I admit I was skimming. See p. 9 - If you can't it, use seven. That's my motto. Especially on April 11.

    https://www.irs.gov/pub/irs-pdf/i4562.pdf


    May be covered under 79.0 here, (seven years, too, but I may not be supposed to post this:

    http://cs.thomsonreuters.com/ua/fixa...sset_lives.htm
    Last edited by RitaB; 04-11-2016, 04:07 PM.
    If you loan someone $20 and never see them again, it was probably worth it.

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