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Updated over 1 year ago,
Taxes: Deducting Home Expenses in 2022 but starting Airbnb business in 2023
Hi Everyone,
In March 2022, I bought a home in Seattle with the intention of doing STR. Unfortunately, the setup took about 1 year due to logistical delays in delivering window shades, multiple attempts to install of washer/dryer unit, and commuting back/forth from California. We finally finished the home in Feb/March 2023 and created a listing on Airbnb in March 2023.
Question: Can I deduct the home expenses (i.e. furniture, appliances, and anything bought for the house) in my 2022 tax return even though I started my Airbnb business in March 2023?
Any advice would be greatly appreciated!
Kind Regards,
Jennifer