Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply presented by

User Stats

42
Posts
16
Votes
Bryce Nurding
  • Investor
  • United States
16
Votes |
42
Posts

Expensing and Capitalizing property construction

Bryce Nurding
  • Investor
  • United States
Posted

So I have some tax questions that can be difficult to get answered. 

I recently had new floors installed in a condo I own and run as a rental. The floors were installed by Lowes and I have a receipt showing material versus labor costs. 

I can expense the labor costs (installation), right? 


For a sewer line replacement... same thing? With receipt showing difference in materials and labor, I can expense all the labor?


For tracking these itemized transactions in Stessa, I intend to post each itemized part of invoice seperately with invoice attached to easily seperate the parts that must be depreciated versus those that may be expensed.

Most Popular Reply

User Stats

73
Posts
11
Votes
Matt Bontrager
  • CPA
  • Henderson, NV
11
Votes |
73
Posts
Matt Bontrager
  • CPA
  • Henderson, NV
Replied

Labor and material count toward one total cost basis.

Loading replies...