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Residential Flooring MN

Aaron
Level 3

Hello all,

I am struggling to get myself comfortable with something and want to run it by you all:

Residential Rental had LVP Flooring installed for $8,000. (replaced carpet)

Here is what I think:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus? Mn conformed to 179 but not bonus so there will be an addback.

What are your thoughts?

Thanks,

Aaron

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Accepted Solutions
TaxGuyBill
Level 15

@Aaron  wrote:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus?


 

I definitely agree with the first point.

As for the second, maybe?  It seems logical.  Except most everything else is 5 years for a rental, so *IF* went that route, I think I would use 5 years.

 

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2 Comments 2
TaxGuyBill
Level 15

@Aaron  wrote:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus?


 

I definitely agree with the first point.

As for the second, maybe?  It seems logical.  Except most everything else is 5 years for a rental, so *IF* went that route, I think I would use 5 years.

 

Aaron
Level 3

Thanks for your input!

Aaron

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