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Updated almost 6 years ago,

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9
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0
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Justin Chappelear
  • Woodstock, OH
0
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9
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Business Tax Question--Can I write off my personal bathroom???

Justin Chappelear
  • Woodstock, OH
Posted

Alright all, we followed the advice of everyone on here and started an S-Corp back in 2017 for tax purposes when flipping homes. Additionally, we own a duplex in the company name but that is not the basis for my question...

As the company has grown, we developed a following for our interior design. Therefore, we've morphed into giving advice, spec'ing out homes for people, and the purchase/staging of home goods for people around Columbus, Ohio. It's been a blessing so far, but herein lies the question.....in 2018 we completed a complete bathroom remodel in our PERSONAL home to the tune of about $35k. As such, we used our social media platforms to promote our newfound business of selecting different styles and matching them together to form a cohesive look for others. Through the promotion of our renovation and the finished product, we now have 3-4 clients that came straight from paid ads on Instagram and Facebook.

I'm wondering if a portion or all of the 35k renovation can be used as a tax write off because it was used for a business purpose (promotion). Our tax pro says no, but she had to seek out advice as well so I figured I would throw it out to my BP community. 

Thank you in advance!

Justin

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