I’m doing a gut rehab in a unit. Should all those transactions be under the ‘repairs and maintenance’ category, or simply all under ‘capital expenses-remodeling’. Everything going in is brand new.
@alex It’s unclear from the question whether your property is in-service yet and exactly what types of remodeling expenses are being incurred. Either way, Stessa is built to be flexible enough to handle different income and expense situations, but we do not provide specific tax advice. You’ll definitely want to check with your CPA for more information about how to handle this scenario.