RENTAL PROPERTY
i PURCHASED A RENTAL PROPERTY AND BEFFORE I RENTED IT i BOUGHT NEW WASHER AND DRYER AND INSTALLED BLINDS. DO I LIST THE COST OF THESES ITEMS AS CLOSING COST?
i PURCHASED A RENTAL PROPERTY AND BEFFORE I RENTED IT i BOUGHT NEW WASHER AND DRYER AND INSTALLED BLINDS. DO I LIST THE COST OF THESES ITEMS AS CLOSING COST?
NO ... these things should be listed as independent assets and depreciated along with the cost of the property.
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