Appliances for a rental property
$500-$3,000
Can You Write Off Appliances for a Rental Property?
Short answer: Yes: refrigerators, stoves, and washers for tenants are depreciated over 5 years, or expensed if each costs $2,500 or less.
Improvements that better, restore, or adapt the property are depreciated (27.5 years for residential buildings), though items under $2,500 can be expensed with the de minimis safe harbor.
Records to keep: Keep leases, receipts, a log of repairs vs improvements, mileage to the property, and closing statements.
Appliances for a rental property
Typical range: $500-$3,000
Real Estate / Landlords / Property Managers / Agents
Yes: refrigerators, stoves, and washers for tenants are depreciated over 5 years, or expensed if each costs $2,500 or less.
Business justification
Yes: refrigerators, stoves, and washers for tenants are depreciated over 5 years, or expensed if each costs $2,500 or less. Improvements that better, restore, or adapt the property are depreciated (27.5 years for residential buildings), though items under $2,500 can be expensed with the de minimis safe harbor.
Category
- Rental Property Write-Offs