Damage to rental unit furnishings

matcheskat · Jun 5th, 2008, 11:01 AM

Hi, I have a rental that has been damaged. The property is in PA.

1.) This is a furnished rental. The couch was destroyed. Do i charge the cost of the exact same make/model to replace, or do I depreciate it since it was 1 yr old.

2.) My carpet has about 10=15 cigarette burns in the middle of it. Should I charge for a full replacement since pieced carpet is not ideal? I know I should depreciate the carpet costs.

Thanks for your help!

OHlandlord · Jun 5th, 2008, 11:54 PM

You do need to either depreciate the couch or charge the amount for a used couch of the same make. (A new couch is much more expensive than a used one that is a year old.) You should depreciate it according to what you declare on your tax schedule. The same as the carpet.

Jun 7th, 2008, 12:46 PM

Thank you so much for the info!

Jun 5th, 2008, 11:01 AM	#1
matcheskat Junior Member Last Online: Jun 5th, 2008 02:27 PM Join Date: Jun 2008 Posts: 1	Damage to rental unit furnishings Hi, I have a rental that has been damaged. The property is in PA. 1.) This is a furnished rental. The couch was destroyed. Do i charge the cost of the exact same make/model to replace, or do I depreciate it since it was 1 yr old. 2.) My carpet has about 10=15 cigarette burns in the middle of it. Should I charge for a full replacement since pieced carpet is not ideal? I know I should depreciate the carpet costs. Thanks for your help!

Jun 5th, 2008, 11:54 PM	#2
OHlandlord Top Level Member Last Online: Jul 23rd, 2008 10:34 AM Join Date: Jul 2007 Location: southern OH Posts: 579	Re: Damage to rental unit furnishings You do need to either depreciate the couch or charge the amount for a used couch of the same make. (A new couch is much more expensive than a used one that is a year old.) You should depreciate it according to what you declare on your tax schedule. The same as the carpet.

Jun 7th, 2008, 12:46 PM	#3
Unregistered Posts: n/a	Re: Damage to rental unit furnishings Thank you so much for the info!

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