Can I deduct construction supplies for a property that I rent (nails, drywall, paint, paint supplies, etc)? If so - is it a supply, or a startup cost?

steveballantyne · ‎January 12, 2021

MinhT1

If the property you rent is used for business, these construction supplies can be deducted as a business expense under Repairs and Maintenance.

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MinhT1

If the property you rent is used for business, these construction supplies can be deducted as a business expense under Repairs and Maintenance.

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steveballantyne

Thank you, just needed to add that new category.