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Last Updated : August 23, 2024

Can I Depreciate Appliances in a New Rental Property? [Tax Smart Daily 034]

Can I Depreciate Appliances in a New Rental Property? [Tax Smart Daily 034]

Brandon Hall, CPA

Depreciating Appliances in a New Rental Property Tax Smart Daily #034

 

A cost segregation study will show you all of the parts of your rental property, including the appliances if you wish to expedite depreciation. Any component with a useful life of fewer than 20 years will be eligible for bonus depreciation.

Learn more about depreciating appliances in this video from The Tax Smart Real Estate Investors YouTube channel. Listen in to learn:

  • What a cost segregation study covers in a rental property
  • What to do if you don’t get a cost segregation study performed
  • The benefit of doing a cost segregation study

Subscribe to the YouTube channel for more answers to real estate tax questions!

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Can I Depreciate Appliances in a New Rental Property? [Tax Smart Daily 034]

Brandon Hall, CPA

Brandon is a Certified Public Accountant, national speaker, and is the Founder/Managing Partner of Hall CPA PLLC. Brandon works with real estate investors, syndicates, and private equity funds to optimize tax positions and streamline accounting and business functions. He believes that real estate investing is critical to building sustainable and generational wealth. Brandon worked at PricewaterhouseCoopers and Ernst & Young prior to launching his own CPA firm, Hall CPA PLLC (The Real Estate CPA). Through the knowledge gained by working with real estate investors, Brandon has built a real estate portfolio of 25 units consisting of multi-family, single family, and short-term rentals.

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