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March 19, 2025
Question

Short Term Rental Schedule E

  • March 19, 2025
  • 1 reply
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If I give gift bags to my short term rental guests, can i write off the costs of contents on Schedule E as supplies?

1 reply

March 19, 2025

Yes, as long as the gifts are a necessary and ordinary business expense and they cost less than $25 per gift. You can learn more from this IRS article

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