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gringo252
New Member

How do I categorize a washing machine for depreciation?

Turbotax does not have appliances as a depreciation category.
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1 Best answer

Accepted Solutions

How do I categorize a washing machine for depreciation?


@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.

Actually, TurboTax does have appliances as a depreciation category (see screenshot below). 

 

However, you are probably better off using bonus depreciation which will allow you to expense the asset.

 

re.png

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2 Replies

How do I categorize a washing machine for depreciation?


@gringo252 wrote:
Turbotax does not have appliances as a depreciation category.

Actually, TurboTax does have appliances as a depreciation category (see screenshot below). 

 

However, you are probably better off using bonus depreciation which will allow you to expense the asset.

 

re.png

Carl
Level 15

How do I categorize a washing machine for depreciation?

Depreciating a washing machine over 5 years will not make one bit of difference to your tax liability. Since it costs less than $2,500 and is not a permanent physical part of the structure, you can just expense it under safe harbor and be done with it forever.

 

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