rental property business expense?

Forum|Forum|1 year ago
February 17, 2025
1 reply
0 views

In 2024, I converted my primary residence into rental property and moved into a second home. I signed a property management agreement to list and manage the rental and soon after cleared the condo and donated the furnishings to a 501(c)(3) charity. Can I write-off the value of the donated furnishings as a rental property business expense?

DianeW777

No, the items donated to a 501(c)(3) charity is a deduction on your itemized deductions if you have enough other expenses to utilize it.

The rental property didn't donate the items and didn't own the items, instead they were your personal use items before it was a rental property. There would be no expense for the rental property.

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