I added washer and dryer hook up to my multi family home. 50% of home is a rental. Can I claim half of this improvement and if so what is the depreciation period?

[AnnetteB · Accepted solution]

Yes, if the washer and dryer are shared by both you and your renters, then it can be entered as an asset for depreciation with 50% business use (since the property is 50% rental).

As you go through adding the asset in TurboTax, it will guide you to choose the correct depreciation method and recovery period.  For appliances, the recovery period is 5 years.

[alfaro4u]

What if the washer and dryer are used solely by the renter and is located in the renters apt.

[alfaro4u]

Thank you for letting me know that the washer/dryer has a recovery of 5yrs.  I actually wanted to know what the recovery period would be for the electrical work involved in establishing the hook up for the washer/dryer.

[AnnetteB]

If the washer and dryer are used solely by the renter, then they are 100% business use instead of 50%.  You can add the cost of electrical work for installing the washer/dryer to the cost of the appliances and depreciate the total amount.