PTIN Seal

Depreciation

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Depreciation
  4. Depreciation - furniture in a rental property

Depreciation - furniture in a rental property

Furniture would be considered 5 year property (having a 5 year useful life)for MACRS depreciation purposes in a rental property. Furniture and equipment, such as desks and files, would be considered 7 year property ( having a 7 year useful life)for MACRS depreciation purposes in a non-rental property such as in an office.

Need Professional Help?

If you need help with "Depreciation" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.