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 almost 6 years ago,
2 new Heaters, Invoice has just 1 big price on it
Hi. After I closed on my new 5-unit property this past december, I had to replace two heaters that were at their end of life and malfunctioning. The total cost was $9,900. I just realized that the HVAC company did not break down that cost into things like labor, etc. If I'm understanding the terminology and process correctly, I should be getting them to itemize each part of the repair/replacement so that I do not have to capitalize the entire $9,900, correct?