Are Appliances For A Rental Property Tax Deductible?
Just a heads up before we get into the post, I’m not a tax accountant and this isn’t tax advice. Always consult a tax accountant about your specific situation. It’s much better to ask your tax accountant if appliances for your rental property are tax deductible than the internet
Now that that’s out of the way, let’s answer the question:
Are appliances for a rental property tax deductible?
Yes, appliances for a rental property are tax deductible.
Depending on your specific situation, you may be able to deduct appliances for your rental property in two different ways:
- Deduct the full expense in the year of purchase
- Depreciate the expense over time
What appliances are tax deductible for a rental property?
One benefit of having a rental property is that, for the most part, as long as you’re purchasing appliances for your rental property - the appliances are tax deductible.
Here are a few examples of appliances that are tax deductible for a rental property:
- Range hood
- Wall-mounted ovens
- Wall-mounted microwave
Here are a few examples or appliances that could be tax deductible for a rental property:
- Deep freezers
- Air Fryers
- Counter microwaves
However, I wouldn’t recommend providing the “could be tax deductible” appliances unless you have a good reason to. Whichever appliances you provide tenants in your rental property, you’re going to have to maintain that appliance if it breaks. So make sure that the appliances you provide in your rental property add enough value to the rental property to make up for future maintenance.