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Investors & landlords
Most flooring is considered to be permanently affixed. These types of flooring include hardwood, tile, vinyl and glued-down carpet. Since these floors are considered to be a part of your rental property, they have the same useful life as your rental property. As such, the IRS requires you to depreciate them over a 27.5 year period.
You categorize your vinyl flooring as a new asset under Real estate property.
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‎June 1, 2019
10:59 AM