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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.
‎August 22, 2023
5:25 PM