TV depreciation

[MGC94]

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

[Just-Lisa-Now-]

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

[abctax55]

How much did it cost?

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

[dd4vols]

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

[MGC94]

Hi Lisa,

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

[MGC94]

Only 800 so far. 

[abctax55]

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

[dkh]

@abctax55      I think he's saying he's completed 800 returns...... or maybe he's asked for help on 800

not sure which              

[abctax55]

@dkh 

D'oh.... I ass-u-med he was answering my question of 'how much'.  Your interpretation makes a lot more sense 😉

[Just-Lisa-Now-]

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?

[MGC94]

I wasn't sure if it went under rental furnishings since it is electronic