Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

186
Posts
83
Votes
Jeremy S.
  • Mechanicsburg, PA
83
Votes |
186
Posts

Tax deductions for paying a handy man or buying used appliances?

Jeremy S.
  • Mechanicsburg, PA
Posted

if I pay my brother or young cousins $10/hr for demo or cleaning work, can I write that off the same way I would for any other contractor?

How about if I were to replace a range hood or other appliance with one from craigslist?

Are tax deductions limited to professional contractors and items purchased from stores? 2014 will be my first year as a landlord and I want to make sure my records are being kept properly. Thank you

Most Popular Reply

User Stats

5,271
Posts
2,325
Votes
Steven Hamilton II
Pro Member
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,271
Posts
Steven Hamilton II
Pro Member
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied
Originally posted by @Jeremy S.:
if I pay my brother or young cousins $10/hr for demo or cleaning work, can I write that off the same way I would for any other contractor?

How about if I were to replace a range hood or other appliance with one from craigslist?

Are tax deductions limited to professional contractors and items purchased from stores? 2014 will be my first year as a landlord and I want to make sure my records are being kept properly. Thank you

Jeremy,

Yes you can write that off. I recommend that you pay that by check and write what it was for in the memo portion or have them write you an invoice.

I recommend looking into a cheap copy of quickbooks so that you maintain proper records from the beginning.
Have proof of what you paid.
SO a copy of the ad from craigslist or your e-mail negotiating price.

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
  • Loading replies...