Re: Adding Central Air - Landlord Forum thread 334035

Re: Adding Central Air by Anonymous on April 23, 2015 @11:59

Adding central air is a capital improvement and as such is deductible from your taxes, so there is no real need to charge the Ts for the cost. As an added amenity you can raise the rent for it, but as others have pointed out - make sure you don;t price yourself out of the market.

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Re: Adding Central Air by Garry (Iowa) on April 23, 2015 @12:47	[ Reply ]

I think you mean depreciatable (sp). CA is just like a furnace. I believe you have to depreciate it over 271/2 years, but it could be only 15-20 years, so don't quote me on the 271/2.

Re: Adding Central Air by Anonymous on April 23, 2015 @14:32	[ Reply ]

It can even be 179ed in one year. The depreciation schedule can vary greatly depending upon your tax needs; something you need to consult with CPA on if you don't know how to it yourself. Not many people will need the full amount deducted in one year and 15+ years may be too long. Personally I used a 5 year schedule.

Re: Adding Central Air by Anonymous on April 23, 2015 @16:40	[ Reply ]

You don't get a full return on the taxes. If you spend $100, you don't save $100 in taxes.