I bought a rental property on 2011. I used segment depreciation. Land $50,000 +dwelling $175000+ list of personal property $5000. Total $230,000
In particular the washer was value at $200 that I depreciated on 2011. On 2012 the washer broke down. I am reporting loss of the depreciation left as ordinary loss. Is this correct ? And what happen to my cost basis if I don't replace the washer?.
Also, I replaced the carpet on 2012 for ceramic tile. The carpet had a cost basis of $1200 on 2011 and it was depreciated. I claimed as ordinary loss the depreciation left on the carpet. Should I removed the carpet from cost basis since I listed ceramic tile now with cost basis of $1800