Can i deduct the expense of furniture, bedding, lamps, etc?

[don-jeanswanke]

Can i deduct the expense of furniture, bedding in a furnished rental?

[Anonymous]

yes you can.  if the cost is substantial consider entering under asset entry.    list all as 1 item  -  furniture - 7 years then take 100% bonus which allows full deduction in the year its placed into service. 

[Carl]

Since the items are used on a recurring basis to reduce income, they are considered assets. Normally, assets used in the production of income are capitalized and depreciated over time. However, there is a safe harbor rule that very well may apply for you, that will allow you to just deduct the costs as an expense and be done with it.

Since the items are not a physical and permanent part of the structure, if you paid less than $2,500 for the assets then you can just expense them and be done with it forever.