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posted Jun 4, 2019 6:44:29 PM

Can I deduct the cost of a new computer as Misc Expense against rental property?

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1 Best answer
Expert Alumni
Jun 4, 2019 6:44:30 PM

Yes, you can deduct the cost of the computer you use for your rental, but not as a miscellaneous expense. You would enter it as an asset of the rental and depreciate it over time or take advantage of the Section 179 deduction that will allow you to write-off the entire cost in the first year of use.  For information about Section 179 deduction, see the information below. https://ttlc.intuit.com/replies/5387864

1 Replies
Expert Alumni
Jun 4, 2019 6:44:30 PM

Yes, you can deduct the cost of the computer you use for your rental, but not as a miscellaneous expense. You would enter it as an asset of the rental and depreciate it over time or take advantage of the Section 179 deduction that will allow you to write-off the entire cost in the first year of use.  For information about Section 179 deduction, see the information below. https://ttlc.intuit.com/replies/5387864