Hot tub for a rental
$5,000-$15,000
Can You Write Off Hot Tub for a Rental?
Short answer: A hot tub at a rental is depreciated; in-ground installations are improvements over 27.5 years, portable units over 5–7.
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.
Hot tub for a rental
Typical range: $5,000-$15,000
Real Estate / Landlords / Property Managers / Agents
A hot tub at a rental is depreciated; in-ground installations are improvements over 27.5 years, portable units over 5–7.
Business justification
A hot tub at a rental is depreciated; in-ground installations are improvements over 27.5 years, portable units over 5–7. 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