How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Stephen G. Your Own Question
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 6108
Experience:  Extensive Experience with Tax, Financial & Estate Issues
Type Your Tax Question Here...
Stephen G. is online now
A new question is answered every 9 seconds

We bought a mattress on Craig's list I 't remember what we

Customer Question

We bought a mattress on Craig's list I don't remember what we paid. It was a originally 6500.00 in 2009. It was a temper-pedic adjustable. What should I put on my taxes
JA: The Accountant will know how to help. Please tell me more so we can help you best.
Customer: What else do you need?
JA: Is there anything else the Accountant should be aware of?
Customer: I am sorry it was for our b&b
JA: Our top Accountant is ready to take your case. Just pay the $5 fully refundable deposit and I'll fill the Accountant in on everything we've discussed. You can go back and forth with the Accountant until you're 100% satisfied. We guarantee it.
Submitted: 7 months ago.
Category: Tax
Expert:  Jason M. Tyra, CPA replied 7 months ago.

Hi There:

The cost to purchase a mattress would be considered a non-deductible personal expense.

Expert:  Stephen G. replied 7 months ago.

Evidently, Jason is no longer available.

The mattress would be a deductible expense if it was for your B & B, but it would only be deductible in the amount you paid for it used or new on Craig's list, not what it may have been worth.

How large is your B & B and how often do you replace mattresses?

Or was this a special suite or room used for special occasions?

Related Tax Questions