CHAPTER 4: Repairs

Fishman, Stephen
November 2013
Every Landlord's Tax Deduction Guide;Nov2013, p73
The article provides information on the difference between an improvement and a repair and how to deduct potential expenses being incurred by landlords to maintain their property. It explores the alterations made by landlords to their capital property as capital improvements which cannot be deducted in a single year, unlike repairs. It discusses the deductions of the entire cost if it is a repair in a single year rather than to deduct a little at a time for many years.


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