topic useing turbow premier.. if I buy stuff that I put up myself like door knobs AC unit anything like that do I put that down as supplies? I might play somebody else to put it in that I know would be repairs in Get your taxes done using TurboTax

useing turbow premier.. if I buy stuff that I put up myself like door knobs AC unit anything like that do I put that down as supplies? I might play somebody else to put it in that I know would be repairs

ton — Wed, 26 Jun 2019 18:40:15 GMT

If I buy supplies that go on a rental house that I am going to put up or have put up do I put it under as a repair or as a supply or does it matter

VolvoGirl — Wed, 26 Jun 2019 18:43:54 GMT

Enter it as Supplies. Unless it is a big ticket item like a air conditioner. You might need to enter it as an Asset and depreciate it over time.

VolvoGirl — Wed, 26 Jun 2019 18:48:34 GMT

Here's some tax guides and videos on Rentals

What kind of Rental expenses can I deduct?

What is Depreciation?

IRS publication 527 on Rental Property….