biren13
New Member

Investors & landlords

Appreciate your Response. I tried adding furniture and other improvements, but it seems they should be purchased in 2025 after the property was purchased. My Cost Seg Study has the following summary for tax filing. Does this go to Forms 4562 for Schedule E 

 

CSI Division5-year Asset Category
  
Division 06 — Wood and PlasticsDecorative Millwork
Division 06 — Wood and PlasticsWindow Treatment
Division 09 — FinishesFlooring
Division 11 — EquipmentAppliances Residential
Division 11 — EquipmentDryer Vent Kit
Division 12 — FurnishingsCabinetry
Division 12 — FurnishingsCountertop
Division 12 — FurnishingsShelving
Division 22 — PlumbingPlumbing System
Division 26 — ElectricalDecorative Lights
Division 26 — ElectricalBuilding Lights
Division 26 — ElectricalElectrical Branch Wiring
Division 26 — ElectricalSpecial Purpose Electrical
 5-Year Total
  
CSI Division15-year Asset Category
  
Division 32 — Exterior ImprovementsConcrete Paving
Division 32 — Exterior ImprovementsLandscaping
Division 32 — Exterior ImprovementsFencing & Gate
Division 32 — Exterior ImprovementsSite Inground Pool
Division 32 — Exterior ImprovementsSite Structure
 15-Year Total
 
No.DescriptionIn Service DateCost basis
15 Year - Personal Property $XX,XXX
315 Year - Land Improvements $XX,XXX
415 Year - QIP $XX,XXX
539 Year - Real Property $XXX,XXX
 Land Value-$XX,XXX