topic Re: Form 1065, Schedule L - new hot tub depreciation tub in Get your taxes done using TurboTax

Form 1065, Schedule L - new hot tub depreciation tub

elbanev — Tue, 10 Feb 2026 10:30:40 GMT

My wife and I run and real estate partnership LLC and file a 1065. We have been depreciating the structure and goods for 2 years now and already have taken some depreciation. This year we purchased a hot tub for the business purpose of increasing rentals, the amount of the hot tub was approximately $13k

2 questions:

1) Does the IRS have any guidance for the lifetime or depreciation table for a new hot tub? Is it 27.5 years straight line?

2) Where does the $13k hot tub investment show up in Schedule L. Is it 10a Depletable Assets and we just bump the year "Beginning of tax year (b)" number up by $13k for "End of Year (c)"? Then do we subtract year one depreciation of hot tub in 9b End of Tax Year "less accumulated depreciation"?

Thanks for your help,
Joe

Re: Form 1065, Schedule L - new hot tub depreciation tub

RobertB4444 — Wed, 28 Feb 2024 20:29:04 GMT

Assuming that the hot tub has been installed as part of the rental property then it is depreciated the same way a new roof or deck or addition would be. As rental real estate improvements over 27.5 years.

@elbanev

Re: Form 1065, Schedule L - new hot tub depreciation tub

elbanev — Wed, 28 Feb 2024 20:39:47 GMT

Thanks and I bump up the 9a Depreciable Assets by $13k from Beginning of Tax Year to End of Tax Year on Schedule L. I assume I would also take year 1 of depreciation on 9b. Can you confirm?

Thanks,
Joe

Re: Form 1065, Schedule L - new hot tub depreciation tub

RobertB4444 — Wed, 28 Feb 2024 20:53:44 GMT

It will probably not be a full year of depreciation this year depending on what date the hot tub was placed in service. But otherwise all of that is correct.

@elbanev