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Old 09-17-2003, 04:16 AM
Dave Woods, EA
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Default Re: Depreciation schedule for washer/dryer in rental

"Arthur L. Rubin" <ronnirubin[at]sprintmail.com> wrote:

- quote -

> Is a washer/dryer for a residential rental unit 5 year
> property (9 for AMT if, for some unknown reason, bonus
> depreciation is not taken), or have I made a mistake?


It's five year for regular and AMT bonus depreciation or
not. The only difference between AMT and regular
depreciation for personal property with no bonus is the
difference in acceleration.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

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Old 09-17-2003, 03:57 AM
Nan Eklund
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Default Re: Depreciation schedule for washer/dryer in rental

Check on the bonus depreciation for anything to do with
rentals. Allowed: most types of depreciable nonrealty
property; qualified leasehold improvement property which is
NONresidential real property.

This goes waaaaaay back to the days of "20% additional first
year..." which did NOT apply to rentals. (I got caught on it
back in the mid-70s and have never forgotten.)

Nan, EA in LA

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  #-1  
Old 09-15-2003, 11:54 PM
Arthur L. Rubin
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Default Depreciation schedule for washer/dryer in rental

Is a washer/dryer for a residential rental unit 5 year
property (9 for AMT if, for some unknown reason, bonus
depreciation is not taken), or have I made a mistake?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
depreciation, rental, schedule, washer or dryer
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