Updated about 3 years ago on .
Most recent reply
presented by
Expensing and Capitalizing property construction
So I have some tax questions that can be difficult to get answered.
I recently had new floors installed in a condo I own and run as a rental. The floors were installed by Lowes and I have a receipt showing material versus labor costs.
I can expense the labor costs (installation), right?
For a sewer line replacement... same thing? With receipt showing difference in materials and labor, I can expense all the labor?
For tracking these itemized transactions in Stessa, I intend to post each itemized part of invoice seperately with invoice attached to easily seperate the parts that must be depreciated versus those that may be expensed.
Most Popular Reply
Labor and material count toward one total cost basis.


