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Updated almost 4 years ago,
Furniture Purchase for STR
We have the option to purchase furniture on a property that will be used as a short term rental. Should we purchase the furniture on the side, or have it built into the offer as no added value. Example: purchase price $750k + $25k for furniture or $775k fully furnished.
My question is based around what would be better from a tax deduction standpoint. Can deduct all of the furniture with bonus depreciation in either option?
Steve