@tagteam you’re saying I cannot expense items purchased in 2020, and converted to a rental in 2022?I must depreciate even small items likes pots and pans?
You can expense an item placed into service in 2022, even though it was purchased in 2020? That sounds great!Which IRS publication says this?thanks!@Carl
Hi @Carl, I have a follow up question on this topic with regards to startup costs.Pub 535 says that utilities are start-up costs.This is the scenario this year:...
