Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Rehabbing & House Flipping
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 8 years ago, 03/01/2017

User Stats

7
Posts
0
Votes
Brian Petty
  • Real Estate Investor
  • Canal Fulton, OH
0
Votes |
7
Posts

Tools purchased to flip = expense?

Brian Petty
  • Real Estate Investor
  • Canal Fulton, OH
Posted

Quick question for the experts. I am planning to purchase a fix and flip property and I always buy a couple of new tools in the process. Mainly because I have a tool buying problem...anyway. my question is if I had to buy a roofing nail gun in order to roof the property would that qualify as an expense that could be deducted that same as a new sink or the roofing material? If I had to rent the nail gun than that would qualify. I want to minimize the taxes and also use the best tools to quickly get the fix portion done.

Thanks for the help and glad to be here. 

Loading replies...