Expenses And taxes

[Hector Maldonado]

Ok, so I've been using the rental property calculator lately and reivaluating all my properties. I've also been using it to evaluate properties that Im thinking about purchasing. Because of this tool I've shied away from properties that I might have though were a good deal in the past. ( Thank you Biggerpockets). Now although I away save as much money as possible for repairs and CapEx I never put it in my expenses until I actually have the expense. So my question is this, because repairs and capEx are expenses that I am saving for each month but I am not actually using until something actually has to be repaired, what happens at the end of the year when its time to file taxes? Do I write what I have been saving for repairs and capEx off or do I have to pay taxes on that money because it was not actually spent (which I think would actually defeat the purpose by the way)? If the answer is yes, I can write of what I have been saving as an expense what happens when I actually do have to make a repair? Do I then not rite that off because I have already been writing it off as a percentage each month? And if so what happens when the cost of repair is higher than the amount that what has actually been saved ? Do I then write off the difference? Im a little confuse on this one. Can anyone help me with this please?

Thanks ,

Oh and please excuse my writing. I am not the best at it but I do try. lol