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Tweeted twitter.com/#!/StackFinance/status/649248785202302976
Rearranged to improve the question.
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bitsmack
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I converted my primary residence to a rental property last year. My question assumes MACRS GDS depreciation, in the United States.

I converted my primary residence to a rental property last year. While I still lived there, I installed laminate flooring in some of the rooms. This is the type of flooring that snaps together without glue, like so:

enter image description here

The flooring sits on a layer of foam, and is not fastened to the home in any way. The edges (up against the walls) are covered with trim (moulding) that is nailed to the walls.

This is the end result:

enter image description here

 

Anyway, to the question:

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

For clarity, this is the type of flooring that I'm referring to:

instructions

finished

I converted my primary residence to a rental property last year. My question assumes MACRS GDS depreciation, in the United States.

While I still lived there, I installed laminate flooring in some of the rooms. This is the type of flooring that snaps together without glue, like so:

enter image description here

The flooring sits on a layer of foam, and is not fastened to the home in any way. The edges (up against the walls) are covered with trim (moulding) that is nailed to the walls.

This is the end result:

enter image description here

 

Anyway, to the question:

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

My question assumes MACRS GDS depreciation, in the United States.

I converted my primary residence to a rental property last year. While I still lived there, I installed laminate flooring in some of the rooms. This type of flooring snaps together without glue, sits on a layer of foam, and is not fastened to the home in any way. The edges (up against the walls) are covered with trim (moulding) that is nailed to the walls.

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

For clarity, this is the type of flooring that I'm referring to:

instructions

finished

Added description of laminate flooring
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bitsmack
bitsmack
  • 233
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  • 10

I converted my primary residence to a rental property last year. A year before thatMy question assumes MACRS GDS depreciation, in the United States.

While I still lived there, I installed laminate flooring in some of the rooms. This is the type of flooring that snaps together without glue, like so:

My question assumes MACRS GDS depreciationenter image description here

The flooring sits on a layer of foam, and is not fastened to the home in any way. The edges (up against the United Stateswalls) are covered with trim (moulding) that is nailed to the walls.

This is the end result:

enter image description here

Anyway, to the question:

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

I converted my primary residence to a rental property last year. A year before that, I installed laminate flooring in some of the rooms.

My question assumes MACRS GDS depreciation, in the United States.

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

I converted my primary residence to a rental property last year. My question assumes MACRS GDS depreciation, in the United States.

While I still lived there, I installed laminate flooring in some of the rooms. This is the type of flooring that snaps together without glue, like so:

enter image description here

The flooring sits on a layer of foam, and is not fastened to the home in any way. The edges (up against the walls) are covered with trim (moulding) that is nailed to the walls.

This is the end result:

enter image description here

Anyway, to the question:

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?

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bitsmack
bitsmack
  • 233
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Is laminate flooring an "Improvement" or "Depreciable Property"?

I converted my primary residence to a rental property last year. A year before that, I installed laminate flooring in some of the rooms.

My question assumes MACRS GDS depreciation, in the United States.

If this had been new carpet, it would be considered as a separate asset with a 5-year recovery period.

If it had been a new roof, it would have been considered an "improvement" and added to the cost basis of the rental property, being depreciated over the property's 27.5-year recovery period.

How should I treat the laminate flooring?