Can I deduct an appliance extended warranty "service plan" for my rental property?

Forum|Forum|5 years ago
July 9, 2020
1 reply
0 views

Hi,

I purchased a 3 year extended warranty plan for my dryer in my rental property. It is called a "Whirlpool service plan." I started renting my property mid-year last year. I wanted to know if I could deduct the portion of which it was rented out (186/365 days or 50.96%) of the service plan? I saw that home warranties were tax deductible, but I wasn't 100% sure if appliance warranties are included in that.

Thank you!

MinhT1

Yes, your appliance warranty can be deducted as a rental expense.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

bacaj1202Author

Would it go under “maintenance and cleaning expenses”?

AnnetteB6

If you purchased the service plan after your property was converted to a rental property, then you can deduct all of the cost of the service plan. Otherwise, you can prorate the cost. It can be included under maintenance and cleaning or you could enter it as a miscellaneous expense where you can enter your own description and amount.

@bacaj1202

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"