3520826
I had a custom home built in 2024. It is used as an STR. I had to buy everything, new, that you can think of for a guest to stay there, comfortably, at an considerable expense. Items that are more than furniture and linens-items like dishes, flatware, pots and pans, small kitchen appliances, rugs, lamps, blinds, children care items, some decor items, etc. Also, laundry, dish soap, laundry soap, games, and a huge list of other things (150 items). Are these deductible? Thanks.
You'll need to sign in or create an account to connect with an expert.
Yes, they are. Those are expenses for the rental at start up. Just enter them as supplies and you can deduct them in the year that you bought them.
Yes, they are. Those are expenses for the rental at start up. Just enter them as supplies and you can deduct them in the year that you bought them.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jjon12346
New Member
hjh33414
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
Liangtwn
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
Thomasketcherside2
New Member
anonymouse1
Level 5
in Education