SantinoD
Expert Alumni

Investors & landlords

There is no need to remove the appliances from the cost basis for the purpose of depreciation. Since it was included in the purchase price then that means it is also included in the basis of the property.

 

If you purchase any new appliances going forward, and you are still renting the property, you can list those appliances as a separate asset for depreciation. 

 

@johnbenabe