Residential Flooring MN

Forum|Forum|5 years ago
March 8, 2021
1 reply
13 views

Hello all,

I am struggling to get myself comfortable with something and want to run it by you all:

Residential Rental had LVP Flooring installed for $8,000. (replaced carpet)

Here is what I think:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus? Mn conformed to 179 but not bonus so there will be an addback.

What are your thoughts?

Thanks,

Aaron

Lacerte Tax

This topic has been closed for replies.

Best answer by TaxGuyBill

@Aaron 12 wrote:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus?

I definitely agree with the first point.

As for the second, maybe? It seems logical. Except most everything else is 5 years for a rental, so *IF* went that route, I think I would use 5 years.

T

TaxGuyBillAnswer

Level 15

@Aaron 12 wrote:

If it is attached to the subfloor its 27.5 year.

If it floats - 7 year and take 100% bonus?

I definitely agree with the first point.

As for the second, maybe? It seems logical. Except most everything else is 5 years for a rental, so *IF* went that route, I think I would use 5 years.

Aaron 12Author

Level 3

Thanks for your input!

Aaron

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