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Tax, SDIRAs & Cost Segregation

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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Replace A Front Door: Expense Item Or Depreciable Item

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted Nov 9 2014, 05:21

Hello all: I am curious how your CPA or tax preparer handles these items.

Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate it.  He also had ideas on appliances that I thought were different: on an appliance package purchased for a new rental he wants to depreciate them vs a replacement item such as just replacing the dishwasher he want to expense the total cost that year. I am wondering if his methods of preparing taxes could cause some problems with the tax man. Thoughts?

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