TITLE

CHAPTER 8: Start-Up Expenses

PUB. DATE
November 2010
SOURCE
Every Landlord's Tax Deduction Guide (9781413312775);2010, p201
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article offers information on special tax rules that govern the deduction of start-up expenses in rental business. It says that a special tax rule allows the deduction of up to 5,000 dollars in start-up expenses on the first year of a business. It mentions that spending must be reduced until the rental business starts in order to prevent spending more than the first year limit. It adds that real property and other long term assets are not considered as start-up expenses for rental business.
ACCESSION #
56512197

 

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