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Author Topic: Replacing Dishwasher  (Read 2600 times)

Offline AKwldlndfirefghtr

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Replacing Dishwasher
« on: January 18, 2006, 02:24:51 am »
I just replaced a dishwasher in my rental property because the other one broke down.  I am guessing I will have to depreciate the new dishwasher as it cannot be classified as a repair or maintenance.  Is this correct?

Thanks in advance.
Cheers :beer:

Jason

Offline kdhastedt

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Re:Replacing Dishwasher
« Reply #1 on: January 18, 2006, 03:23:23 pm »

Correct.  Appliances are depreciable assets over 5 years.

http://www.irs.gov/publications/p527/ar02.html#d0e2438

Keith
I have CDO...it's like OCD but in alphabetical order - the way it should be!

Offline AKwldlndfirefghtr

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Re:Replacing Dishwasher
« Reply #2 on: January 19, 2006, 03:23:50 pm »
Keith,

Thank you for you response and the IRS link, I knew it was in there but just not where.  A continuation of my question:  I assume just the cost dishwasher is depreciable, but what about costs associated with installing the new dishwasher, i.e. dishwasher costs $290, but total cost for removing old dishwasher, the new dishwasher, and installation is $340 ($290 + $ 50).  What would you classify the additional 50 dollars as?  And again I am guessing the IRS will only allow you to depreciate the $290, and not the whole $340.  Thanks for you response, and I will also pose his question to my tax consultant once I start my taxes for this year.

Thanks
Cheers :beer:

Jason

Offline kdhastedt

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Re:Replacing Dishwasher
« Reply #3 on: January 23, 2006, 03:27:00 pm »

I'd claim it as a repair and let them catch me.  The good news is that you probably won't get too much hard time for $50...

 ;)

Keith
I have CDO...it's like OCD but in alphabetical order - the way it should be!

 




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