Rental properties break down. At some point, you'll have to make the decision to make minor repairs or a completely replace building components. Rental property improvements vs repairs have significant tax implications, some of which we talk about today.
I share my personal story about turning over one of my own units. I walk you through the thought process of a landlord and a CPA who wants to maximize rental property tax deductions and subsequently my returns.
Related: Are Home Improvements Tax Deductible