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First year purchase and short-term rental of a beach condo
I purchased a beach condo in Oct 2020. I got ready to rent and started advertising it as a short-term rentals in December 2020 and received a little income that month. This is my first time doing my taxes with a rental property.
Can I expense items I purchased like pictures/paintings used to decorate the place? Also, can I expense small kitchen appliances like a coffee maker?
If yes, what line item/items do I use in the Turbo Tax software to reflect these expenses?
Thanks!
‎February 1, 2021
12:14 PM