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STR questions

Posted on 7/1/23 at 10:55 pm
Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2956 posts
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Posted on 7/1/23 at 10:55 pm
I have a high end STR and I'm going to be placing a 5th wheel on the back property for me to stay in when my home is rented and possibly even rent it out when we are in the home.

Question is, do I have the business purchase the RV or do I purchase it personally?

If I purchase it personally, I can consider it a 2nd home and take the interest as a deduction. What is different if done from the business side? Is the depreciation factored differently?

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