- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
TV depreciation for a rental property. What type of asset does it fall under?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Did you look at the list of asset types in the drop down list of the asset entry worksheet?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How much did it cost?
Are you familiar with TPR's (tangible property rules (regs?)
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@MGC94 ..just wondering, have you completed any return w/o asking the community to provide you with the proper tax treatment and reporting?
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi Lisa,
Yes, I did. I just can't figure out what it would fall under.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Only 800 so far.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What does 'so far' mean?
By now, your client should have given you the amount paid for the TV. Or, are we discussing multiple TV's
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If its a rental and the landlord is providing a TV as part of the furnishings, you don't see any of the asset types that would fall into that category?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I wasn't sure if it went under rental furnishings since it is electronic