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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. (more…)
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