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

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69
Posts
25
Votes
Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
25
Votes |
69
Posts

What can I deduct on my taxes for rental property at end of 2021?

Kevin Lanphear
  • Rental Property Investor
  • Acworth, Ga
Posted

If I buy these things BEFORE I CLOSE ON MY FIRST RENTAL PROPERTY, can I still report it as tax deductions for 2021 (max amount I believe I am able to deduct is $5k in first year, start up business expenses, or whatever)?


I need to buy an office computer which will be used for the business, a refrigerator for the rental property, and maybe a few other things to make the property look nice.

Most Popular Reply

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382
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272
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Bob Norton
  • Accountant
  • Slidell, LA
272
Votes |
382
Posts
Bob Norton
  • Accountant
  • Slidell, LA
Replied

@Kevin Lanphear Yes.

  • Bob Norton
  • Loading replies...