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Updated over 4 years ago on . Most recent reply

Brentin Trent's profile image
Brentin Trent's profile image
Brentin Trent
  • from Maryland
  • Member since Sep 25, 2014
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32
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Brentin Trent's profile image
Brentin Trent's profile image
Brentin Trent
  • from Maryland
  • Member since Sep 25, 2014
Connect
Brentin Trent
  • Maryland
5
Votes |
32
Posts
General Landlording & Rental Properties

Deducting Tools costs from rental income?

Brentin Trent
  • Maryland
Posted

I have purchased a few tools in the process of getting my most recent property rent ready. One tool being a tile saw for some tile repairs I needed to do, and another tool being a paint sprayer. Is it common practice to deduct the cost of the tools from the rental income for the year? I still own the tools and anticipate getting additional usefulness out of them. How are other people handling this?

Thanks,

-Brian

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