Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago, 09/06/2024
New Refrigerator - Capital Expenditure or Repair?
New investor here!
We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?
I'm also wondering what the advantages are of classifying one as an operating expense vs. a capital expenditure. Isn't an operating expense better since it's deducted immediately rather than over 27.5 years as a depreciation expense?