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Old 08-14-2007, 02:01 PM
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Rental home - new flooring installed

Colorado - We own rental home - recently installed floor tile with tile purchased separately and professional installation paid for separately. Can we depreciate the tile and take the installation labor charge off as cost this year - if so, where would we show the labor charge on Schedule E?
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Old 08-14-2007, 02:08 PM
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Originally Posted by aracyclery View Post
Colorado - We own rental home - recently installed floor tile with tile purchased separately and professional installation paid for separately. Can we depreciate the tile and take the installation labor charge off as cost this year - if so, where would we show the labor charge on Schedule E?
If you consider it a repair rather than an improvement (which is probably the case) you can just deduct it as an expense. It just go on line 14.
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