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5. Rental Property Improvements and Taxes

A Short Read

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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

Recent Podcasts

★★★★★

Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

Mike Dymski - Business Owner