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Level 5
April 20, 2022
Solved

Depreciation

  • April 20, 2022
  • 1 reply
  • 33 views

How long do I depreciate the items below for  rental property?

flooring & subflooring

kitchen countertops & cabinets

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Best answer by Terry53029

kitchen countertops and cabinets would be same as furnishings (5years)  flooring attached to structure such as hardwood floor would be same as building. (27 1/2)

1 reply

Intuit Community Champion
April 20, 2022
monicacAuthor
Level 5
April 20, 2022

I did read 527 prior to my original post, I should have mentioned that. However those items are not shown. They list carpet but not flooring. They do mention anything not listed is 7 years. But I thought I had heard something different in regards to flooring in the past.

Intuit Community Champion
April 21, 2022

kitchen countertops and cabinets would be same as furnishings (5years)  flooring attached to structure such as hardwood floor would be same as building. (27 1/2)