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Rental - furniture as an expense vs. capital depreciation
Have just bought a rental property and am buying furniture (beds, mattresses, sofa, table etc). Should I put the furniture (total expense ~$4-5k) as an annual expense or a capital investment that is depreciated?
Additionally, when I travel by car to visit the property to check on it, should I use the mileage allowance?
‎October 30, 2024
1:15 PM