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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.
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.
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