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Investors & landlords
CARPET: Carpets are typically depreciated over 5 years. This applies, however, only to carpets that are tacked down. If the carpet is glued down (perhaps in a basement) then it becomes “attached” to the property and must be depreciated over 27.5 years. From Web;
Issue is as long as you are beyond the depreciated years than you don't have to recapture.
June 21, 2023
1:46 AM