Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
Materials contributed to flip tax deductible?
My business partner and I recently flipped our first house together. I had previously built my own home, and had alot of leftover supplies. I estimate that i contributed $1,500 in materials (tile, paint, electrical wiring, plumbing fixtures, etc.) to this flip. Am i able to deduct that from my share of the income in this flip?