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Employee
January 24, 2025
Question

Does a landlord categorize flooring as "Appliances, Carpet, Furniture" or "Residential Rental Real Estate".

  • January 24, 2025
  • 1 reply
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Laminate flooring was laid in living room, dining room and kitchen.  The program offers these 2 choices: 

"Residential Rental Real Estate""Appliances, Carpet, Furniture".  Which category do I choose?

    1 reply

    April 2, 2025

    The problem with choosing "Appliances, Carpet, Furniture" is that laminate flooring is not carpeting and therefore not personal property; laminate flooring is real property and therefore must be depreciated over 27.5 years.
    See "Table 1-1. Examples of Improvements
    ........Flooring"
    https://www.irs.gov/publications/p527#en_US_2024_publink