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Investors & landlords
I remodeled the guest bathroom
That particular cost is not an "expense" per-se. It's a property improvement that gets entered in the assets/depreciation section and depreciated over time. It is not a direct deduction, since it gets classified as rental real estate. If that bath is for the exclusive use of the guest with no personal use "ever", then the cost of that remodel is 100% business use.
‎February 21, 2022
9:52 PM