Answered: Residential Flooring MN

Aaron · ‎03-08-2021

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

TaxGuyBill · ‎03-08-2021

@Aaron 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.

View solution in original post

TaxGuyBill · ‎03-08-2021

@Aaron 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 · ‎03-10-2021

Thanks for your input!

Aaron

Residential Flooring MN

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