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520 tax time essentials! WFH, sole traders, shares & crypto, super contributions, two jobs, rental properties + more

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Is That a Capital Thing?

You really need to wait until you've had some income. The general rule is 300 dollars, and that's per person. If it's under that limit, you can just ride it off. So i just put that in as a repair to the proper but if a, for example, a tenant moved out and they trashed the carpet, would that just go in the general depreciation pool? Like, could you just claim seven thousand dollars or whatever, straightway the next financial year as a expense on the property? That's a good one.

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