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Updated about 11 years ago,

User Stats

33
Posts
7
Votes
Jim Herbst
  • Investor
  • Powell, OH
7
Votes |
33
Posts

Can this be considered a legitimate business expense?

Jim Herbst
  • Investor
  • Powell, OH
Posted

I purchased a new air conditioner for my primary residence in the summer of this year. In the fall of this year I purchased a new primary residence and began to rent out my old primary residence. Can I count the purchase of the air conditioner as a business expense even though at the time I was not renting the property? I obviously needed to fix the air conditioner prior to renting the property because central air would be considered a 'must-have' at the price point I was renting at. Any thoughts/comments would be greatly appreciated.

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