In this episode, Ryan and Thomas break down the tax treatment of repairs & maintenance expenses vs. capital improvements and how to maximize tax savings, including:
- Tax differences between repairs expenses vs. capital improvements
- How to maximize tax savings with three must-know IRS Safe Harbors
- How to navigate capital improvements with the BAR Tests
- And more!
This is a must-listen if you want to maximize your tax deductions on your repair and renovation costs.
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Tax Smart Real Estate Investors Podcast