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Updated over 4 years ago on . Most recent reply

David McFarland's profile image
David McFarland's profile image
David McFarland
  • Investor
  • from Fort Collins, CO
  • Member since Jul 10, 2020

User Stats

10
Posts
5
Votes
David McFarland's profile image
David McFarland's profile image
David McFarland
  • Investor
  • from Fort Collins, CO
  • Member since Jul 10, 2020
David McFarland
  • Investor
  • Fort Collins, CO
5
Votes |
10
Posts
General Landlording & Rental Properties

Appliance depreciation in rental units

David McFarland
  • Investor
  • Fort Collins, CO
Posted

I know you are not my accountant...  So speaking in general terms:

I have several appliances that are pretty old in rental properties I acquired this year (ex: a 14 year old washer and dryer).  When I plug in the numbers to determine the actual cash value for depreciation purposes I get a negative number.  Does this mean I cannot depreciate it because it's too old?

Thanks!

Dave

  • David McFarland
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