- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I depreciate assets purchased before converting home to a rental?
In 2020 I bought a home for personal use and purchased kitchen assets (like silverware, pots, pans).
In 2022 I converted the home into a rental property. These kitchen items are now used in the rental.
Can I depreciate these kitchen assets? If so, over 7 years?
Thanks
‎October 4, 2023
9:45 PM