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Remodel, Invoiced, Depreciated, No Contractor to pay?!?
Last September I had a rental unit remodeled and the contractor invoiced me for a little over $14k.
The contractor never gave me a W-9 and has since disappeared.
The property was placed into service on October 1, 2023.
Without payment, nor even knowing when payment will be accepted, do I start the depreciation last October, do I start once payment has been rendered after W-9, or am I just losing out on this depreciation until I someday can pay him?
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March 25, 2024
1:25 PM