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 almost 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Scott Julius
0
Votes |
1
Posts

Tax Deduction Question

Scott Julius
Posted

I have a question for anyone who experience in this. I am small real estate investor, done couple flips and have couple rentals. I have bought a new property for myself and family to live, the property comes with a large shed, where I intend to keep all my materials from flips and rentals, lumber, tools, random appliances. I am wondering, would I have benefit from buying the shed in my rental LLC so I could deduct some of the depreciation, some repairs that it would require and even maybe some of the property tax. My CPA doesn't seem to have a great idea on how to structure the deal. Love to hear some ideas! Thanks.

Loading replies...