TaxGuyBill
Level 15

@IRonMaN wrote:

 

What is the real value of a 15 year old stove?  A 17 year old refrigerator?  Were those items factored into the value of the property or were they so trivial that they were ignored and only thing that mattered in the purchase was the real estate itself.  The seller was happy to leave those things in the building so he didn't have to pay to haul them to the dump 😁


 

I've seen where clients buy all new appliances the year before the sale and claim 100% bonus depreciation.  They get the tax write-off as a rental and at the same time make the house pretty for buyers for the sale.