Use this post to help property investors and landlords understand the tricky United States’ IRS rules regarding deductions on repairs versus improvements. The changes went into effect on January 2014. Educate prospective investors with this handy guide.
- IRS Rules on Repair vs. Improvement Deductions
- Understanding Tax Deduction Rules on Repairs
- Attention investors: New rules for deducting home improvements
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Do you own investment property? There are new rules for taking deductions on repairs versus improvements. Check out this quick guide.
From the post:
Investment property owners and landlords know that tax deductions are a crucial component of making sure they maximize their returns. In January of 2014 the IRS in the U.S. implemented a somewhat complex distinction as to what constitutes a repair versus improvement.
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