Carpet & Appliance depreciation is 5 years / LL depreciation

This is a discussion on Carpet & Appliance depreciation is 5 years / LL depreciation within the Landlord vs Tenant Issues forum, part of the REAL ESTATE & PROPERTY LAW category; I've enjoyed much of the info on this site. Some replies to tenants paying for depreciated carpet costs list 7 ...

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Old Aug 27th, 2010, 08:34 PM   #1
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Default Carpet & Appliance depreciation is 5 years / LL depreciation

I've enjoyed much of the info on this site.

Some replies to tenants paying for depreciated carpet costs list 7 year depreciation cycles.

Carpets and furniture and appliances depreciate over a 5-year period under MACRS (not 7 years as previously).

The IRS has ruled that the rental of MACRS 27.5 year residential rental property is a Class 57.0 activity. As a result, appliances (e.g., stoves and refrigerators), furniture, carpets, blinds, and window treatments, etc., used in such property are 5-year property (five-year GDS recovery period and nine-year ADS recovery period). IRS Publication 527 (Residential Rental property) and Form 4562 (Depreciation and Amortization) which have consistently categorized this property as 7-year property, have been corrected (Announcement 99-82, 1999-2 CB 244).
Page 99. 2009 U.S. Master Depreciation Guide

IRS publication 946 (Pages 35-36), show that carpet and appliances are 5 year MACRS deduction.
Publication 946 (2009), How To Depreciate Property
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Old Aug 29th, 2010, 11:51 AM   #2
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Default Re: Carpet & Appliance depreciation is 5 years / LL depreciation

Helpful info--thanks!!
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Old Aug 30th, 2010, 07:04 AM   #3
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Default Re: Carpet & Appliance depreciation is 5 years / LL depreciation

Isn't it just like the govt. to continue to change things as soon as we get a system that works? Back to the calculator. Thanks for the update.
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Old Jun 6th, 2011, 02:25 PM   #4
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Does this mean that if an outgoing tenant damages carpet or appliances more than five years old, the landlord has already received his useful life out of them and cannot charge against the security deposit to replace them?

Thanks in advance.
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Old Jun 6th, 2011, 10:32 PM   #5
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Default Re: Carpet & Appliance depreciation is 5 years / LL depreciation

To add on to the question above mine, if you live in an apartment for over 5 years, can the landlord charge you for carpet cleaning?

Thank you
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