Where does cash RE purchase go on a P&L?

[Diane Perry]

I am putting together a P&L for an application for finance reasons. I work for myself, and for that reason and also as a landlord in addition to federal tax returns I am required to file a P&L statement. They asked for the last three months. Five months ago I received a one-time windfall of money I used to buy a cheap piece of RE for cash two months ago. Windfall was $60,000. Cash purchase was almost as much. Is the purchase an expenditure that goes on the P&L as an expense?