Realtor purchased trailer for temporary housing for clients

Forum|Forum|4 years ago
December 19, 2021
2 replies
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Successful realtor bought a trailer for $20K as temporary housing for homebuyers to facilitate sales. Is this a legitimate deduction, and if so, what length of depreciation? I've known him for decades, and he works nonstop, he has no family, I will ask if this is the only use for the trailer.

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Best answer by TaxGuyBill

It seems legitimate to me.

It depends on what you mean by "trailer". I suspect you mean a manufactured home that is permanently attached to the ground, which would mean it would be depreciated over 39 years. If it is something mobile (such as on wheels), then it probably would be 7 years.

T

TaxGuyBillAnswer

Level 15

It seems legitimate to me.

It depends on what you mean by "trailer". I suspect you mean a manufactured home that is permanently attached to the ground, which would mean it would be depreciated over 39 years. If it is something mobile (such as on wheels), then it probably would be 7 years.