Hal_Al
Level 15

Investors & landlords

Q. "How do I determine my utility expenses for gas, electricity, water and sewage".

A. Pretty much a guess.  Try googling energy consumption rates for your equipment.

 

You can also claim depreciation on your equipment. For example if you use your washing machine 75% for business, you can write off 57% of the cost (or value at conversion to business use) as a business expense