Accounting for Rental Flips

[Alex Wesling]

Hey folks

we have been buying houses and doing brrrr and has some questions around taxes

We are spending around 25-30 on each house but was curious if this all falls under capital improvements or do you class it as repairs and do immediate deductions

I know new roof and appliances are typically depreciated but what about a shower that has mold stains in it that we replaced. A toilet that was cracked that we replaced. Kitchen cabinets that were broken that were replaced. Etc. 

Thank you BP team