All Forum Posts by: Lori Sullivan
Lori Sullivan has started 2 posts and replied 2 times.
Post: IRS deduction rules around STR purchase to listing
- Posts 2
- Votes 0
I am having a hard time finding if IRS has rules if there is a time limit (purchase to in service date) on what can be deducted.
Scenario - STR home purchased in August 2023. working on home to set up for STR August to Feb 2024. The property has not been ready to list until now. I know the things that can be deducted (furnishing, locks, etc) but does IRS have a time limit from purchase to in service date? And what about expenses in 2023 when the property was not listed?
Post: Bringing the Mattress Discussion back up
- Posts 2
- Votes 0
I bought two nectar mattress same type, one king and one queen. The king is so firm that it hurts my back and neck. I can send it back. At home I have a tempurpedic king and a pillow top queen that are older than recommended but they are very comfortable. I will be sending the nectars back but dont want to keep making the same mistake with a online box mattress. Recommendations??????