Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Zach R.
  • Investor
  • Magnolia, AR
0
Votes |
1
Posts

Materials contributed to flip tax deductible?

Zach R.
  • Investor
  • Magnolia, AR
Posted

My business partner and I recently flipped our first house together. I had previously built my own home, and had alot of leftover supplies. I estimate that i contributed $1,500 in materials (tile, paint, electrical wiring, plumbing fixtures, etc.) to this flip. Am i able to deduct that from my share of the income in this flip? 

Loading replies...