It is 100% capital expense.
I read the first few posts there. It doesn’t matter why you are buying a new water heater, whether it is an additional unit or replacement of an existing one, it provides “a long lasting benefit” and the cost should be amortized over its expected life cycle. The same would be true for your roof, floor, deck, furnace, etc. If you need, for whatever reason, to pull all the plumbing pipes or electrical wires and instal the new ones in the house, those would be capital expenditure as well.
Repairs to the existing heater (or any of the other items I mentioned) would fall under the current expense.
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Originally Posted by huntinstuff
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