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Investors & landlords
Those are Assets for the property that have to be depreciated.
That's only one option. If the cost was less than $2,500 then you have the option to just expense them under the Safe Harbor di-Minimus rules. I myself would go that route so I don't have to deal with the headaches of depreciation recapture when I sell the property, or the remaining depreciation when the next tenant destroys those assets.
March 12, 2023
4:50 PM