Learn · 2.12 · How Unlevered works
How does Inventory account for my furniture?
Furniture, substantiated without every receipt.
Read the transcript
Inventory is a substantiation product. It gives you a defensible record of your home, including the furniture you invested in to make it run. That helps in a look-back study, when few owners still have every receipt. And it helps when you've made a sizable investment in your furnishings, like this house, with over $63,000 of them, all tracked over time, in one place.
So we go in and see each piece, in your photos and in your home's 3D model. At the Salt House, that's 244 items. Each one is classified as it's counted. The sofa is furniture. The built-in refrigerator is part of the house, so it stays in the study.
Then we source it: the exact product online, or a close match in style, materials and size, so every piece has a defensible retail price. Where you do have a receipt, the receipt sets the price.
Then it's adopted into your study. Furniture isn't depreciated over decades. It's expensed in full, in year one. Run your cost seg study today, engineered for the highest supportable deduction. Visit unlevered.io.
Education, not tax advice. Unlevered is not a CPA firm; your CPA files your return.