Question
Rental Residential Property Improvements
I purchased a Rental Property that I have done some major remodeling/improvements. Can I Segregate each capital asset by its recovery period individually or does everything have to be added as a new asset using the same recovery period as the building structure (27.5 years).
For example, can I segregate the improvements by its specic useful life per IRS tables:
| Item | Life |
| Light Fixtures | 5 |
| Carpet & Flooring | 5 |
| Furniture | 5 |
| Appliances | 5 |
| Cabinets | 5 |
| Land Improvements | 15 |
| Countertops | 27.5 |
| Windows | 27.5 |
| Doors | 27.5 |
| HVAC | 27.5 |
| Water Heaters | 27.5 |
| Remodels | 27.5 |
| Improvements | 27.5 |
| Residential Building | 27.5 |
| Commercial Building | 27.5 |
| Land | 0 |
| Closing Costs | 27.5 |
Thank you1
