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Real Estate Resources
Welcome to the AAOA Forum, where we discuss the the topics our members want to hear and want to talk about. We like to take an active roll in the online community to help our members learn and help educate landlords new and old. We encourage you to participate and join in our discussions. Thanks.
Crucial Tax Tips for Landlords
Tip #3: Spread Out Repairs
by Sandra Prieto
It may be wise to spread out your repairs so they don’t get confused with improvements. Remember that repairs get deducted and improvements are depreciated.
Be careful to make a clear distinction between the two, especially if you prefer to immediately deduct the expense of your repairs.
Certain repairs and improvements may appear to be connected and part of the same overall improvement program. Read the rest of this entry »
Posted by Kim Ezzell on 10.20.2008. 3 Comments »
Filed under: AAOA Forum, tax tips
