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Updated about 11 years ago,
Water Heater deduction when plumber purchased all parts?
Hi all,
This is my first post to this forum (I've been mostly a lurker)!
Apologies if this is the wrong sub-forum - please move if needed?
I own a small townhome in the SF Bay Area, in which I rent out 2 rooms. Today my water heater sprung a big leak. I called my plumber and after examining it, he went out and bought the replacement water heater and replaced the old unit. I wrote him a check and that was that. I did not get a chance to see his receipt for the parts purchased. =(
Based on reading other threads on water heater replacement, I understand that a new water heater is to be depreciated along with the rest of the unit (although how I'm not entirely sure). However, I don't know what the cost of the replacement water heater is or the division between the parts costs and the labor costs.
How am I to / should I be treating this when I file taxes next year?
Thank you!