<p>Let me give you an example. I’ll round the numbers for simplicity. We have a building we bought in 1995 for about $400K. Every year on the Schedule E for that property we have a certain amount for depreciation. </p>
<p>Included in that amount are numbers from the depreciation schedules for: the original cost of the purchase itself, including the price of the building, loan fees, lawyers, recording fees, etc., new windows for the entire building, a new roof, a new boiler, dozens of new appliances (amortized individually), carpets for 20 apartments (also amortized individually), upgrade to the deck/porch system, two refinancings, and more. Should you wish to identify which of the dollars in the depreciation number from last year belongs to which of these things, it is not going to be apparent on form 4562. You will need all the paperwork and receipts for these items over the past 18 years and their various depreciation schedules. </p>
<p>Since you obviously want them to add back in the cost of those two refrigerators we bought last month, perhaps you can say exactly why those should not count as expenses that we have to incur in the course of doing our rental business? </p>
<p>As I have mentioned before, it is readily apparent to me that there are people on this forum who have a real problem with people who own businesses or rental properties, etc and who give unwary posters a bum steer because of it. This is not the place to ask these questions, if you hope to get accurate information.</p>
<p>Op, your best option is to ask the schools themselves what their policies are. And no, I don’t agree that schools will just add back in those items (which they don’t necessarily have access to) in order to determine EFC.</p>