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Updated 1 day ago on . Most recent reply

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Tom E.
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Furnishings Tax Question

Tom E.
Posted

As I work on preparing my first STR which I plan to materially participate in for 2025 and manage myself I'm wondering about furnishing the place and getting it ready for guests. It is 3 bd place and I'm wondering what the ballpark is for furnishing it? I can price and use AI all I want, but I'm wondering about real life experience what to expect? I plan to spend more in master with nice bed (king+) in there with a queen then potentially bunk versus two twins in third bedroom.

As I purchase this in 2025 and have 0 personal use throughout the year I then plan to cost seg and use that for bonus depreciation (or what is left of it before phase out)... and wondering what % of furnishings I can deduct? There will be a few bigger items like a nice couch and new appliances. Finding mixed results from a tax perspective of a cutoff where I need to depreciate over years with bigger purchases (>3k if I remember correctly). 

thanks!

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Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Andrew Steffens
#3 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Replied

As a super round number I find $20 per foot works in most cases.  2,000 sqft - $40k all in - designer, assembled, from beds and couches to forks and knives.  I am in FL so I imagine there are regional disparities to consider.

  • Andrew Steffens
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  • 813-563-0877
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