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Water heater apartment building depreciable life

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Level 1

What lives are people assigning to water heaters?

e.g., do people believe they are personal property or real property ??

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6 Replies 6
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Level 15

I consider them to be personal property


ex-AllStar
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Level 1

 

Thanks.  A building systems life seems ridiculous, which is why I ask.

 

 

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Level 12

Unfortunately, when I had researched it, it was considered §1250 property.

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Level 15

@TaxGuyBill  with what life?


ex-AllStar
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Level 12

27.5/39 years.

But a specialized water heater (such as only for a kitchen for a restaurant or a heater for a single-point) is 5-ish years.

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Level 15

But if you put a sticker on the water heater with your name on it, wouldn't that make it specialized? 😬

CAGMC

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.