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Daniel Rodriguez
  • Real Estate Investor
  • Austin, TX
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Rental property and segmented depreciation

Daniel Rodriguez
  • Real Estate Investor
  • Austin, TX
Posted

I bought a rental property on 2011. I used segment depreciation. Land $50,000 +dwelling $175000+ list of personal property $5000. Total $230,000
In particular the washer was value at $200 that I depreciated on 2011. On 2012 the washer broke down. I am reporting loss of the depreciation left as ordinary loss. Is this correct ? And what happen to my cost basis if I don't replace the washer?.
Also if I replaced the carpet on 2012 that had a cost basis of $1200 for ceramic title. I claimed as ordinary loss the depreciation left on the carpet. Should I removed the carpet from cost basis since I listed ceramic tile now

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