Repairs vs. Improvements
Differentiate Repairs vs. Improvements
  • Repairs (e.g., fixing a leaky faucet) are immediately deductible.
  • Improvements (e.g., renovating a kitchen) must be capitalized and depreciated over time.
Tip: Knowing this difference helps you maximize current-year deductions.
3
0 comments
George Sperry Jr
2
Repairs vs. Improvements
Junior Varsity Teammates | TCC
skool.com/tcc-trainings
Unlimited legal, funding, operations, and tax support group that meets weekly to discuss strategy, roadblocks, and current bottlenecks in real estate.
Powered by