For Rental Property Depreciation, what asset category would a water heater fall into?

janelle-m-crays — Wed, 05 Jun 2019 22:33:15 GMT

The IRS considers this as an "Improvement" and has a 27.5...

KrisD — Wed, 05 Jun 2019 22:33:16 GMT

The IRS considers this as an "Improvement" and has a 27.5 year MACRS depreciation period. Be sure to keep this in mind if/when you sell the property. Part of the sale proceeds can be applied to the remaining value of this asset.

According to the IRS:

"Residential rental property (buildings or structures) and

structural components such as furnaces, waterpipes, venting,

etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.5 years "

https://www.irs.gov/pub/irs-pdf/p527.pdf

topic For Rental Property Depreciation, what asset category would a water heater fall into? in Investors & landlords

For Rental Property Depreciation, what asset category would a water heater fall into?

The IRS considers this as an "Improvement" and has a 27.5...