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Updated almost 8 years ago,
Any tax diffrence? Renter maintnance or owner?
Greetings,
Recently my renter replaced a swimming pool motor and gave me a receipt. We then deducted the renters out of pocket expense from one months rent. Typically I would have deducted the liability but claimed the full income. From a tax perspective is there any advantage, disadvantage or draw?
I have a CPA, I'm interested in your insights? Plus he's busy right now ; )