- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Depreciating or deducting furniture when renting one room out?
I purchased a two bedroom home. I live in one of the rooms and rent out the other.
I purchased all the furniture in the common area, dining room table, couch, TV, etc., when I moved in. And these items are mentioned in the lease.
Am I able to deduct or depreciate 1/2 of the cost of those? If so, where would I do this?
Thanks in advance!
Topics:
May 1, 2021
10:17 AM