Depreciation On Fittings
Lets say I busy appliances for my rentals. What is the normal time in years that I would depreciate these items? Would you go for five years? I live in Wisconsin. Not sure if it is differnet in every state or not. Thanks. :-o
I would ask your CPA this questions. He/She would have a better idea the state laws about depreciating items.
Good Luck!
[addsig]
For federal tax purposes, personal property used in a rental property, such as carpet, cabinets, appliances are depreciated over 5 years.