lbones
Level 5
01-25-2025
01:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My apologies, i should have been clearer, In 2024 on property A, they had rental income in the amount of $9k (short term 3 weeks at $3K each), with renovations in amount of $50K, They expect in 2025 to have approximately the same amount of each.
With continued renovations going on over the next year or so and the rental income being short term and very small, can the $50K be completely expensed.