2.5 years we’ve owned a vacation rental in Hawaii. Last year we purchased a car to alleviate renting a car when we are there working on the condo, which we combine with days of vacationing.
We record all meals and food, mileage, and travel expenses.
However, we missed the bonus depreciation on the car (Subaru crosstrek - new) last year According to our tax preparer.
This year we need to buy and install a new window and purchase a new sofa bed. Is this the best year to do it and should we buy both in the same year?
we are both retired. No debt. small farm in Illinois. Live in California.