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I put new composite wooden flooring into a residential rental. Can this be expensed under the new tax rules?
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Kat11_2Answer
Alumni - Champ
June 5, 2019
I'm unaware of changes in what can be depreciated/expensed as an owner of rental property with the new tax laws.
New flooring would be a depreciable asset, and can be entered into your rental expenses by following the instructions in the TurboTax FAQ below.
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
