jimmy72
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great, thank you.do i need to prorate the depreciation the first year dependent on which month the property is available like you do with the 27.5yr building de...
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But how can you expense furniture that was bought before the property was made available to rent? It seems to me that would have to be added to cost basis of th...
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Thanks for the great reply's. By first year I meant the year that I make the property available to rent. If this happens to be toward mid or end of year do I th...
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So then I also have the option of expensing the costs in the first year using de minimis safe harbor or safe harbor for small taxpayers?
Activity Feed for jimmy72
- Posted Re: Short term rental-furniture on Deductions & credits. October 20, 2021 5:59 PM
- Posted Re: Short term rental-furniture on Deductions & credits. October 20, 2021 4:01 PM
- Posted Re: Short term rental-furniture on Deductions & credits. October 16, 2021 2:32 PM
- Posted Re: Short term rental-furniture on Deductions & credits. October 15, 2021 4:19 PM
- Posted Short term rental-furniture on Deductions & credits. October 14, 2021 8:01 PM