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Updated almost 5 years ago on . Most recent reply presented by

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67
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25
Votes
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
25
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67
Posts

Buying a refrigerator and tablet for my first rental property.

Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
Posted

I do not have an LLC and I am planning to buy a tablet to use for managing and a new refrigerator for my first new construction rental property which closes in late January.

If I buy them both before my house closes in January, will I be able to write them off at rental property expenses?

If not, then what should I do?

Most Popular Reply

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2,412
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928
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Bill Hampton
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
928
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2,412
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Bill Hampton
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
Replied

Kevin, 

Based on your profile it appears you already own one rental.

You can buy the tablet now, use it in your business this year, and deduct the tablet as a business expense without having an LLC.

I recommend buying the refrigerator after you have closed on the new property, advertised it for rent and have a signed lease.

Good luck and let me know if you have any questions. 

  • Bill Hampton
  • 404-482-3170
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Hampton Tax and Financial Services, LLC.
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95 Reviews

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