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Updated 15 days ago,

User Stats

358
Posts
238
Votes
Patricia Andriolo-Bull
238
Votes |
358
Posts

Stessa - 179 deductions

Posted

Hi. I searched the Stessa forums and couldn't find an appropriate answer so thought I'd try here. I use Stessa for my STR accounting and am pretty happy with it overall for what it is and the value I get. One thing that I find frustrating is categorizing same year capital deductions (e.g. furniture that is able to be deducted in the same year due to 179). My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be. This is true for bonus depreciation items as well. Anyone have a workaround for this? I'd love to have Stessa reflect the actual state of my tax basis.

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