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Tax, SDIRAs & Cost Segregation

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Bienes Raices
  • Orlando, FL
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Water heater -- depreciate, or treat as a repair?

Bienes Raices
  • Orlando, FL
Posted Feb 12 2012, 18:57

I had a new water heater installed in the rental (before I placed the rental in service, if that matters). Do I have to depreciate the water heater like I would a kitchen appliance, or is it okay to treat it as a repair and add it to the property's basis? Thanks.

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