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Level 1
January 21, 2024
Solved

RENTAL PROPERTY

  • January 21, 2024
  • 1 reply
  • 15 views

i PURCHASED A RENTAL PROPERTY AND BEFFORE I RENTED IT i BOUGHT NEW WASHER AND DRYER AND INSTALLED BLINDS. DO I LIST THE COST OF THESES ITEMS AS CLOSING COST?

Best answer by Critter-3

NO ... these things should be listed as independent assets and depreciated along with the cost of the property. 

1 reply

Critter-3
Critter-3Answer
Level 15
January 21, 2024

NO ... these things should be listed as independent assets and depreciated along with the cost of the property.