https://wcginc.com/kb-rental-property/rental-property-repairs-safe-harbor-revisited/
Rental Property Repairs Safe Harbor (revisited) - Rental Property - WCG CPAs & Advisors
There are three repairs safe harbors relevant to rental property owners and real estate investors- De Minimis, Small Taxpayers and Routine Maintenance.
rental property repairssafe
https://wcginc.com/kb-rental-property/acquisition-costs-revisited/
Acquisition Costs (revisited) - Rental Property - WCG CPAs & Advisors
There are several acquisition costs but the rub is that most expenditures associated with purchasing a rental property are depreciated or amortized.
revisited rental propertywcg
https://wcginc.com/kb-rental-property/repairs-versus-improvements-revisited/
Repairs Versus Improvements (revisited) - Rental Property - WCG CPAs & Advisors
In the repairs versus improvements debate the first step is knowing what you are repairing or improving? The unit of property (UOP) is considered.
revisited rental propertywcg