Tag: landlord repairs
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Repairs vs Improvements: What’s the Difference for Landlord Tax?
Is work on your rental property a repair or an improvement? We look at kitchens, replacements, modern materials and why the cost or wording on an invoice doesn’t necessarily determine the tax treatment.
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Landlord Expenses: Just Because You Paid for It Doesn’t Mean It’s Tax Deductible
Not every payment connected with a rental property is automatically tax deductible. We look at repairs, improvements, mortgage costs, mixed expenses and why understanding what you actually paid for matters.