Ask TaxMama.Com Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 3      Issue 99       February 9, 2001

» Late W-2 » Furnish Furnace » Auto Track Costs » Carpeting The Issue » Broken Window » Foreign Income » Sage Advice Get a Free 800# or pager just for sampling my name-brand long- distance.   mailto:jqfreeman@home.com or Meet Jacqueline Freeman Tell her TaxMama sent you!

Carpeting The Issue From: New Orleans, LA I recently had someone install carpet in a rental unit I bought. Do I include the labor in the capitalized cost or just the material? Can I expense the carpet man's labor or do I need to depreciate it? I would greatly appreciate your help. Brian Hi Brian, That's actually a pretty astute question. And it depends on how risk averse you might be. Generally, I'd say, the whole cost is capitalized. You'll find more information than you want on the subject, right here. Best wishes, Eva Rosenberg TaxMama

Library of Congress -  ISSN 1532-0790 Copyright © 2000-2003 - Eva Rosenberg

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