Viewing 2 posts - 1 through 2 (of 2 total)
Can something that has been purchased “with the intention” (ATO seems to like that phrase),of using it in/at/for an I.P., but never do use it after all?? (Eg:door never installed, furniture that doesnt get used,etc)
What is the “right” thing to do?As i dont think i should be out of pocket,but just not sure.[confused2]Misty1
You need to have a nexus between the income earned and the expense incurred. For example the door I trust was purchased as a repair. Its just not a repair until you carry that out. As for the furniture put it in the property anyway even if it is in the garage.
Julia
Viewing 2 posts - 1 through 2 (of 2 total)
You must be logged in to reply to this topic. If you don't have an account, you can register here.
