I did the annual maintenance on boiler and was told to replace it as it’s very old, 10 years past life expectancy. In order to deduct it as a landlord expense, do I have to wait until it breaks?

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No. Replace it now.

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So you’re confirming I can claim the deduction, that’s good

That might be a depreciating asset, not a deductible expense though.

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It probably depends on the cost. If it’s over $2500 you are going to have to depreciate it. ($5,000 if you file financial statements with the SEC) See https://www.landlordstudio.com/blog/3-irs-safe-harbors-landlords-need-to-know-about#:~:text=The%20De%20Minimis%20Safe%20Harbor%20is%20llimited%20to%20items%20costing,their%20tax%20return%20each%20year.

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