birddogtb
Returning Member

Short Term Rental Furnishings

There is a property that was purchased solely for AirBNB, short-term rental usage.  The furnishings were purchased separately subsequent to closing. A design firm assisted with the purchase of the furnishings and decor. The invoice from the designer does not separately identify the cost  of > than 1 year assets. It is necessary to itemize each furnishing/asset on Form 4562 or can you lump them together assuming they all have the same depreciable term?  Thank you for some direction.