Level 7

Question

TV depreciation

Forum|Forum|3 years ago
March 24, 2023
3 replies
30 views

TV depreciation for a rental property. What type of asset does it fall under?

ProSeries Professional

This topic has been closed for replies.

abctax55

Level 15

How much did it cost?

Are you familiar with TPR's (tangible property rules (regs?)

HumanKind... Be Both

Just-Lisa-Now-

Intuit Community Champion

Did you look at the list of asset types in the drop down list of the asset entry worksheet?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

MGC94Author

Level 7

Hi Lisa,

Yes, I did. I just can't figure out what it would fall under.

Just-Lisa-Now-

Intuit Community Champion

If its a rental and the landlord is providing a TV as part of the furnishings, you don't see any of the asset types that would fall into that category?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dd4vols

Intuit Community Champion

@MGC94 ..just wondering, have you completed any return w/o asking the community to provide you with the proper tax treatment and reporting?

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MGC94Author

Level 7

Only 800 so far.

abctax55

Level 15

What does 'so far' mean?

By now, your client should have given you the amount paid for the TV. Or, are we discussing multiple TV's

HumanKind... Be Both

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