Skip to main content
April 15, 2025
Question

Rental assets purchased in prior year

  • April 15, 2025
  • 1 reply
  • 0 views

If I bought furniture for a rental in 2023, but didn't start renting the property until 2024, can I depreciate the furniture in 2024?

    1 reply

    April 15, 2025

    You started using the furniture for business purposes in 2024 and may depreciate the furniture in 2024.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"