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Question

Air conditioner for rental property

Forum|Forum|2 years ago
March 4, 2024
1 reply
0 views

I bought a new air conditioner for a rental property in 2023. The cost of air conditioner was 5200. Should I take a depreciation on it or expense it out fully?

Not A Product Question

Employee

If you purchased a Central Air Conditioning unit it has to be depreciated at the same recovery rate as the rental property, 27.5 years.

@DoninGA Thank you. I will depreciate it. A follow on question. I put the house as rental in 2016 but the air conditioning was bought last year. Does it matter if the house has been depreciating longer than the air conditioning?

Employee

@bmshah1 No, it does not matter that the rental property has been depreciating longer. The date the A/C unit was placed in service is when the depreciation begins on the unit.