TV depreciation for a rental property. What type of asset does it fall under?
Did you look at the list of asset types in the drop down list of the asset entry worksheet?
How much did it cost?
Are you familiar with TPR's (tangible property rules (regs?)
@MGC94 ..just wondering, have you completed any return w/o asking the community to provide you with the proper tax treatment and reporting?
Hi Lisa,
Yes, I did. I just can't figure out what it would fall under.
Only 800 so far.
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
D'oh.... I ass-u-med he was answering my question of 'how much'. Your interpretation makes a lot more sense 😉
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?
I wasn't sure if it went under rental furnishings since it is electronic
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