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Can I write off equipment purchase to maintain my for rental properties

I purchased a dump trailer to haul trash and brush. I purchased a skid steer to clear property and brush.

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DanielV01
Expert Alumni

Can I write off equipment purchase to maintain my for rental properties

Yes, you may claim these expenses.  If you made outright purchases of this equipment, they are subject to depreciation, but if they were purchased for the use of your business, these are expenses you may claim.  For additional information on where these items would be claimed on your return, please see this FAQ:  https://ttlc.intuit.com/replies/3302228

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1 Reply
DanielV01
Expert Alumni

Can I write off equipment purchase to maintain my for rental properties

Yes, you may claim these expenses.  If you made outright purchases of this equipment, they are subject to depreciation, but if they were purchased for the use of your business, these are expenses you may claim.  For additional information on where these items would be claimed on your return, please see this FAQ:  https://ttlc.intuit.com/replies/3302228

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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