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.
Tax, SDIRAs & Cost Segregation
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 about 9 years ago,

User Stats

132
Posts
58
Votes
Robert Curls
  • Investor
  • Clearwater, FL
58
Votes |
132
Posts

Capex or Opex? Maximizing my deductions

Robert Curls
  • Investor
  • Clearwater, FL
Posted

Hello BP!

I know I should seek the advice of a competent CPA or Tax attorney, but I wanted to get some opinions of others prior.  I understand you aren't giving tax or legal advice, so the disclaimer is out there.

I have some expenses that I need to take care of on some rental properties and wanted to see your thoughts if these fall under the categories of repairs (thus deductible) or if it was a capital improvement.

A/C: I "repaired" the compressor earlier this year when it went out, total cost was $2,500 would this be an improvement or a repair?

Treework:  I need to have some trees trimmed, my thoughts on this would be opex and a deduction

New carpet: This one I know is a capital improvement and must be amortized.

New Pool pump: I'm assuming capex also.

Thanks everyone!

Loading replies...