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Can I buy appliances for my rental house before the house finish construction? (Tax deduction purpose)
I have a rental house under construction and will be closed in February 2018. I am thinking to take advantage of Black Friday to get some appliances for the house. If I buy these appliances now(November 17), keep them for a few months, Can I still choose to depreciate them in the future after they place in service in 2018? Please advise. Thanks!
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Can I buy appliances for my rental house before the house finish construction? (Tax deduction purpose)
Yes you can when you place the rental into service.
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Can I buy appliances for my rental house before the house finish construction? (Tax deduction purpose)
Thanks a lot. I was a little concern about the activity across the year that might be confusing to explain if I get an audit in the future. Do you know if I also need to put a stain concrete floor after closing, how many years should I depreciate the floor? Thank you!!
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Can I buy appliances for my rental house before the house finish construction? (Tax deduction purpose)
Answered in your other posts : <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/users/223e1324-a3ed-44bc-abcb-376b54ff2685">https://ttlc.intuit.com/users/22...>