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Updated almost 12 years ago,
CA \ FED Real Estate Taxes )Rental
Hi
Is the following correct?
All re-hab costs are only deductible after the property is sold again? Seems like a long time to wait for a rental... =\
And after a tenant moves in the repair work is accounted for as a deducted the end of the current tax year?
Lastly, Is de-appreciation in terms of taxation, pretty much just a loan? I do not see any benefit....Maybe I am missing it..
Thanks