DEPRECIATION

[pgordon1912]

I PURCHASED CARPET FOR MY RENTAL HOUSE FOR $5183 IN 2019. HOW SHOULD I ENTER THE DEDUCTION

[LeonardS]

If your new carpet is an improvement rather than a repair, you must treat the expense as a capital expense and depreciate.

If the carpet is tacked down, it is classified as personal property and is depreciated over five years. However if the carpet in a residential rental property is glued down, it is considered to be part of the building structure and must be depreciated over 27.5 years.