Discussion:Class life of garage door opener
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Discussion Forum Index --> Tax Questions --> Class life of garage door opener
| 30 December 2006 | |
| The garage door and garage door opener were replaced on a rental property.
Can the garage door opener cost ($600) be separated from the cost of the door ($4000) and depreciated over 5 years? Thank you for your answer. | |
| 30 December 2006 | |
| Write it off. The rental is not any better then before. It needs a door to be useful. Can't have a garage without a door. It is a replacement. | |
| 16 May 2007 | |
| Can both the door and opener be expensed instead of depreciated? I'm not clear on this after reading the above. | |
| 16 May 2007 | |
| I would depreciate the garage door (a structural component) and the opener (personal property) separately. I think the opener is personal property because it can be easily removed and replaced (doors however are generally always considered a structural component).
Not clear to me, however, that the opener could be expensed if this is a residential rental property - rule against expensing property used in the provision of lodging Reg. 1.48-1(h) may apply. | |
| 16 May 2007 | |
| Actually it looks the opener is considered a structural component also. This is from the IRS Cost Segregation Audit Guide.
exterior doors, Building Component
regardless of --39 Years
decoration,
including but not
limited to, double
opening doors,
overhead doors,
revolving doors,
mall entrance
security gates,
roll-up or sliding
wire mesh or steel
grills and gates.
and door hardware
(such as doorknobs,
closers, kick
plates, hinges,
locks, automatic
openers, etc.).
| |
| 16 May 2007 | |
| but the guide may not actually be referring to a automatic garage door opener, perhaps some other type of automatic opener... | |
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