Capital improvements | Desert Sky - Trilogy at Vistancia

Calculating Depreciation on your Rental Property

By info Posted on January 24, 2013 Posted in IRS Tagged with Capital improvements, Depreciation, IRS

The IRS and Turbo Tax also offer information on depreciating your rental property. This is required for US properties. Figure out the depreciation on your rental property by: Determining your cost or other tax basis for the property. This is generally what …

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Capital Improvements or Repairs

By info Posted on January 24, 2013 Posted in IRS Tagged with Capital improvements, IRS, rental, repair, Snowbird, tax, vacation home

There is a big difference between capital improvements and repairs. According to Turbo Tax, “the cost of property improvements generally must be capitalized and depreciated over several years (by following IRS depreciation tables) rather than deducted in the year paid. By …

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Tag: Capital improvements

Calculating Depreciation on your Rental Property

Capital Improvements or Repairs