For rental property how is vinyl flooring categorized for asset depreciation, real estate property or rental property appliances, carpet, furnishings?

[MinhT]

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.

[ipc1]

Hello TurboTaxMinhT,
If I take the De minimis Safe Harbor Election and the cost of the vinyl and installation is less than $2500, can I take it as an expanse?

[MinhT]

Yes.

[ipc1]

Hello TurboTaxMinhT,
Is it correct that because the carpet which is wall-to-wall but not glued-down (from your answer) would have to be depreciated over shorter period than the vinyl?
To calculate the basis for depreciation is it ok to separate out for the two items from the purchase cost and installation cost details.
The purchase of vinyl and carpet material (not installation) is being paid using a 0% interest retail loan with 24 equal monthly payments starting 09/30/2017, is it ok to apply the purchase price to 2017?

[MinhT]

The cost basis for the item must include both materials and labor.
If you took out a loan, you are considered as having bought and paid for the materials on the date of purchase,

[ipc1]

Is it true that the carpet would have to be depreciated over shorter period than the vinyl?

[MinhT]

Yes, tacked-down carpet which can be removed can be depreciated over 5 years,

[pbpboyle]

How is vinyl ties that is not glued down treated?

[pbpboyle]

How is vinyl ties that is not glued down treated?

[laifang01]

If the costs of vinyl flooring of rental property totals $7000 including both labor and materials. The materials cost is under $2500. Can I take The materials costs as current year deduction using the feminine’s safe harbor and the rest depreciated over 27.5 years?

[DaveF1006]

 No.  If this is all on one invoice and one improvement, the entire amount of the invoice will need to be capitalized over a 27.5 year recovery period.  

[Edited 04/12/24|2:11 pm PST]

@ipc1 

[AmeliesUncle]

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@laifang01 wrote:

If the costs of vinyl flooring of rental property totals $7000 including both labor and materials. The materials cost is under $2500. Can I take The materials costs as current year deduction using the feminine’s safe harbor and the rest depreciated over 27.5 years?

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No, it is all considered as one thing, so you can't separate out the cost of materials apart of the installation.