STR tax deduction question

[David Hughes]

I'm building a STR that should be complete in March. Can I buy the furniture this year and expense it even though the property is not finished?

[Ashish Acharya]

Originally posted by @David Hughes:

I'm building a STR that should be complete in March. Can I buy the furniture this year and expense it even though the property is not finished?

That is unlikely. You would put those appliances/furniture in service once your rental is ready to be rented. You cannot expense or depreciate until that happens.