class life new washing maching in rental unit -

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  • jonnytpb7
    Junior Member
    • Apr 2016
    • 4

    #1

    class life new washing maching in rental unit -

    is this 7 years?
  • Gretel
    Senior Member
    • Jun 2005
    • 4008

    #2
    Nope, it's 5-years but you can elect to expense it under the de minimis rule, assuming it's under $2,500.

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    • jonnytpb7
      Junior Member
      • Apr 2016
      • 4

      #3
      thanks - yeah I the 5yrs in Pub 946 -

      Originally posted by Gretel
      Nope, it's 5-years but you can elect to expense it under the de minimis rule, assuming it's under $2,500.
      for some reason I couldn't find it in TheTaxBook 9-16
      Jon

      Comment

      • Gene V
        Senior Member
        • Jun 2005
        • 1057

        #4
        Originally posted by jonnytpb7
        for some reason I couldn't find it in TheTaxBook 9-16
        Jon
        Try the TTB page 7-1 bottom left

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