Here are some answers and responses to your questions and comments:
- The correct category for the RV is Tools, Machinery, Equipment, Furniture - Trailers and trailer-mounted containers as you picked. And the business use percentage for 2022 (33.3%) is correct.
- The depreciation for the first year was only $500 because the RV was only in service for a few months. This category of Trailers and trailer-mounted containers defaults to a 5-year depreciation. There is no necessity to take bonus depreciation and the way that you are depreciating the RV is fine.
- The essential items that you purchased can be classified as supplies. They would qualify under the "De Minimis Safe Harbor Election". These items may need to replaced frequently since renters can break or lose items such as hoses and cables that are necessary for the RV experience.
- RV insurance is an allowable expense, but only 33.3% for 2022.
- The interest that you pay for the RV can be entered on the business and also on Schedule A as mortgage interest. This would be divided 33.3%/ 66.7%.
- Since you have no income to enter at this point, $0 is good.
Did you have any expenses starting an account with Outdoorsy? Any expenses would be fully deductible for 2022.
You can also include vehicle registration fees and title fees.
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