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Updated almost 2 years ago,
1st Property - STR Plans - Write-Off Initial Costs?
Jumping in to my first property finally! Buying it as my primary, will Air BnB as much as possible throughout the year and stay in my RV when it's rented. I will be managing the property, doing all of the listings, hiring cleaners, etc. I plan on having it listed and rented (if all goes well) for 50+ days in total this year as a goal (Looks like average rental will be 2-4 days).
Questions:
1) Can I write off any of the sewer scopes, appraisal fees or inspection fees?
2) I am also purchasing all of the furniture in the house as a separate transaction. Can I write this off?
Thanks in advance for any help!