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adam4a
March 14, 2021
Question

convert personal property to rental property use

  • March 14, 2021
  • 1 reply
  • 0 views

Hi,

Wondering if anyone can help with this with, how to I account for this in filing deductions.

I had a Dishwasher that I purchased and used for personal use in my home, but then a year later installed in into a rental property I own (as I got a newer model).  I'm not sure exactly how to deduct this.  I'm sure I can't deduct the full amount paid the year before, do I just take 10-20% or so off for the year of use?

Thanks for your help.

Adam

 

1 reply

D
DavidD66
March 14, 2021

The dishwasher is 7 year property, so deducting 15% of the cost to determine the value to deduct would be a reasonable approach.  

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