Industry NewsNews Brief

Don’t wait to deduct real estate equipment cost

Real Estate Tax Talk
Published on Mar 11, 2011

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Did you buy any of the following for your real estate business last year:

  • computer equipment,
  • telephones and cell phones,
  • office furniture,
  • fax machines,
  • pagers,
  • cameras,
  • recorders,
  • briefcases,
  • map books,
  • lockboxes and keys, or
  • real estate books?

If so, you're probably aware that you are entitled to deduct the cost as a business expense. Ordinarily, business property such as computers and office furniture that has a useful life over one year must be depreciated a little at a time over several years. How long depends on the type of property involved -- it can vary from three to 39 years.

Comments