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Updated almost 7 years ago on . Most recent reply

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William Brock
  • Austin, TX
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41
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Are furnishings tax deductible?

William Brock
  • Austin, TX
Posted

I am in the process of buying a STR lakehouse and was wondering if the furnishing costs are tax deductible? I'm talking furniture, kitchenware, etc - everything I need to have in place to rent it out. I would expect yes but has anyone had experience with this?

Thanks,

Bill

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

@William Brock Yes absolutely. Keep all these receipts for your CPA.

He/She should be able to do a cost segregation  and depreciate these faster than the house.

  • John Underwood
  • Loading replies...