I bought a commercial garage for personal use in 2019. It was a cash transaction. Is any part of that new purchase a writeoff on my tax return?

posted

No.

If you were using the garage for business purposes or if it were placed in service on a rental property, then the answer would be yes. Personal use is not a deduction though.

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Software needs errors fixed: 1. Incorrectly flagged undetermined Term Transaction for Non-covered Tax lots. 2. Incorrectly have me having Energy Efficient Commercial Bdg.

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I bought a commercial garage for personal use in 2019. It was a cash transaction. Is any part of that new purchase a writeoff on my tax return?

I bought a commercial garage for personal use in 2019. It was a cash transaction. Is any part of that new purchase a writeoff on my tax return?

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I bought a commercial garage for personal use in 2019. It was a cash transaction. Is any part of that new purchase a writeoff on my tax return?

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I bought a commercial garage for personal use in 2019. It was a cash transaction. Is any part of that new purchase a writeoff on my tax return?

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