Updated almost 6 years ago on .
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Writing tools off on my taxes?
What's up Bigger Pockets?
Just a quick question for you.
I am doing my first fix and flip investment and I'm doing the rehab myself. Can I write the tools that I buy to use in my business off on my taxes?
Thanks in advance for your help.
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@Matthew Ewald
In addition to the above: for future reference. Assets and their depreciable time frame are found below. Good luck
https://taxmap.irs.gov/taxmap/pubs/p527-005.htm