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FIRPTA WORKSHOP

FIRPTA/HOW TO SUCCESSFULLY COMPLY

WITH IRS REGULATIONS AND THE FOREIGN INVESTOR

WORKSHOP

FIRPTA.Worshop.At.Mondrian.SouthBeach.Miami.

  • Where: Mondrian Hotel Miami, South Beach Florida
  • When: Wednesday August 19th (10am-12pm)
  • Price: $100.00
  • Limited seating (reserve your seat today*)

 

What’s this FIRPTA workshop all about?

Do you want to learn how to successfully […]

By |2021-09-20T11:00:11-07:00July 16th, 2015|Events|Comments Off on FIRPTA WORKSHOP

Depreciation Of Flooring

Carpets are normally depreciated over 5 years.* This applies, however, only to carpets that are tacked down. If the carpet is glued down (perhaps in a basement) then it becomes “attached” to the property and must be depreciated over 27.5 years.

Most other types of flooring (i.e. tile, hardwood, linoleum), unlike carpeting, are usually more or […]

By |2015-07-10T16:53:04-07:00July 10th, 2015|Articles|Comments Off on Depreciation Of Flooring

Fundamental rules of depreciation for United States Property

  1. Residential buildings (dwellings, apartment buildings, condominiums, and co-op apartments) must be depreciated over 27.5 years.
  2. Land is not depreciable.
  3. Furnishings may be depreciated over 5 years. When or if they are junked before the end of 5 years, with no dollars received, the un-depreciated cost may be deducted in the year of disposition.
  4. Paint jobs generally are a […]
By |2015-07-10T16:50:17-07:00July 10th, 2015|Articles|Comments Off on Fundamental rules of depreciation for United States Property
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