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Updated about 4 years ago on . Most recent reply
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What can I deduct on my taxes for rental property at end of 2021?
If I buy these things BEFORE I CLOSE ON MY FIRST RENTAL PROPERTY, can I still report it as tax deductions for 2021 (max amount I believe I am able to deduct is $5k in first year, start up business expenses, or whatever)?
I need to buy an office computer which will be used for the business, a refrigerator for the rental property, and maybe a few other things to make the property look nice.
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