Can this be considered a legitimate business expense?

[Jim Herbst]

I purchased a new air conditioner for my primary residence in the summer of this year. In the fall of this year I purchased a new primary residence and began to rent out my old primary residence. Can I count the purchase of the air conditioner as a business expense even though at the time I was not renting the property? I obviously needed to fix the air conditioner prior to renting the property because central air would be considered a 'must-have' at the price point I was renting at. Any thoughts/comments would be greatly appreciated.

[Steven Hamilton II]

Originally posted by Bill Gulley:

Only a Canadian would think of double dipping in the US Tax Code, LOL.
If you took credits when it was purchased as a homeowner you'll need to adjust your value at conversion I'd think. @Steven Hamilton II ?

@Jim Herbst ,

@Bill Gulley is correct. You may qualify for the Nonbusiness energy credit on Form 5695. If so you must reduce your basis by that credit amount.