MarinaEA
Level 4
05-06-2021
09:34 PM
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I was looking in Pub 527 Resident Rental Property, and I found a table of MACRS Recovery Periods for Property Used in Rental Activities. Some have 7, 15 and 5 years like carpet. Do you think hardwood flooring could fall into this category as well or that would be a stretch? The table 2.1 with different depreciation methods is under "Recovery Periods Under GDS".
What are you thoughts on this?
https://www.irs.gov/publications/p527#en_US_2020_publink1000219075