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Deduct construction expenses?

‎30-12-2018 11:10 PM
Sean402
Level 1
Medford, OR
‎30-12-2018 11:10 PM

Deduct construction expenses?

I recently built a detached guest house on my property, which I'm now using as a short-term rental. Can I deduct the construction expenses? 

‎30-12-2018 11:10 PM
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‎31-12-2018 12:16 AM
Pete28
Level 10
Seattle, WA
‎31-12-2018 12:16 AM

Yes, but over 27.5 years per schedule e for deduction, over 5 years for flooring, furniture, kitchen.

 

Also figure out per cent of property tax, power, WSG etc.

‎31-12-2018 12:16 AM
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