topic Are supplies I bought to make renovations for my rental property considered an expense or an asset? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-supplies-i-bought-to-make-renovations-for-my-rental-property-considered-an-expense-or-an-asset/01/396485#M16082 Tue, 04 Jun 2019 19:43:19 GMT jmd6523 2019-06-04T19:43:19Z Are supplies I bought to make renovations for my rental property considered an expense or an asset? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-supplies-i-bought-to-make-renovations-for-my-rental-property-considered-an-expense-or-an-asset/01/396485#M16082 Tue, 04 Jun 2019 19:43:19 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/are-supplies-i-bought-to-make-renovations-for-my-rental-property-considered-an-expense-or-an-asset/01/396485#M16082 jmd6523 2019-06-04T19:43:19Z Simple answer: asset. But, it depends on the nature of th... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/simple-answer-asset-but-it-depends-on-the-nature-of-th/01/396491#M16083 <P>Simple answer: asset.</P><P>But, it depends on the nature of the renovations and whether they are repairs or improvements.&nbsp;</P><P>If the total cost of supplies is less than $2500, they may be expensed. If the renovations can be broken down into distinct projects (e.g. bathroom and kitchen remodel), each meeting the $200 threshold, they may be expenses</P> Tue, 04 Jun 2019 19:43:21 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/simple-answer-asset-but-it-depends-on-the-nature-of-th/01/396491#M16083 Hal_Al 2019-06-04T19:43:21Z