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December 27, 2024
Question

Deduction for a hospital bed for someone I'm caring for

  • December 27, 2024
  • 1 reply
  • 0 views

How do I depreciate a hospital bed that I purchased used for someone renting a room from me.  
The hospital bed cost $5200.

  

    1 reply

    December 27, 2024

    Enter it as an "asset" in TurboTax.  Furniture for rental property, including beds, are usually depreciated over 5 years.

    December 29, 2024

    Thank you for the reply to my inquiry.  

     

    What IRS form is the asset included on ?