Tax deduction question

[Monica Evans]

My husband and I recently closed on our first investment property which we plan to fix up and then rent out. My question is: if we redeem our personal credit card points for Lowe’s / home dept gift cards to go towards supplies/materials/cabinets etc, can we deduct that as an expense even though we used a gift card vs a credit card or cash? Any accountants out there or anyone who has done this who can share some insight? Thanks very much, Monica