Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

1
Posts
0
Votes
Roger Pauls
  • Oakland, CA
0
Votes |
1
Posts

Preparing taxes for a 4 family rehab

Roger Pauls
  • Oakland, CA
Posted

I did close to a complete rehab on a 4 family house spending 100k.

New roof, new boilers, all new apts w/ new windows but

most walls stayed.

Some wk was to patch up or skim coat existing walls, for example.

In the example above, how do you breakdown what is a capital improvement

and what is a repair for tax purposes?

Trying to come up with a number on what was spent on supplies is tough w/o going thru 2000 receipts.

Can I take a percentage of the money spent based on what would considered a normal range?

I have an acct but I'm looking for other opinions.

Thanks for the input.

Loading replies...