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sturgill-mike
New Member

I purchased a guitar for my business to use as a rental item I'm not sure if because it's not rented all the time is it considered in storage and as such a personal item?

 
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KrisD
Intuit Alumni

I purchased a guitar for my business to use as a rental item I'm not sure if because it's not rented all the time is it considered in storage and as such a personal item?

As long as it is "AVAILABLE" for rent, it can be treated as a rental item.

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ratings image
1 Reply
KrisD
Intuit Alumni

I purchased a guitar for my business to use as a rental item I'm not sure if because it's not rented all the time is it considered in storage and as such a personal item?

As long as it is "AVAILABLE" for rent, it can be treated as a rental item.

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