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drkarin
Returning Member

Deducting or depreciating a washer and dryer for an in-home business that produces dirty laundry

I have clients come to my home and I am using approx. 1/4 of my space for my in-home business.  This past year I purchased a new washer and dryer and for my business I use these machines approx. 1/4 to 1/5 of the time, the rest is personal use. Should I add these appliances as assets to be deducted/depreciated?

3 Replies
PaulaM
Employee Tax Expert

Deducting or depreciating a washer and dryer for an in-home business that produces dirty laundry

Yes, you can add the asset to your business and depreciate according to its business use percentage. See attached.

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drkarin
Returning Member

Deducting or depreciating a washer and dryer for an in-home business that produces dirty laundry

Thank you for your prompt reply!
PaulaM
Employee Tax Expert

Deducting or depreciating a washer and dryer for an in-home business that produces dirty laundry

You are welcome 🙂
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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