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Investors & landlords
You could do that and enter the mower as an Asset for depreciation under each property, using 1/12 of the cost for each entry.
You could also choose to report the mower under a single property using the full cost of the mower, assuming it is used 100% for your rental properties. Just be sure to choose a property that you expect to keep for the next 7 years so that the mower can be fully depreciated.
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March 10, 2020
6:55 AM
14,134 Views