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Updated over 4 years ago,
Tax Accounting for 100K Rental Property Remodel
Seeking help/advice on doing accounting on this major remodel.
Tax Accounting for Rental 100K Remodel. In 2019 I started a remodel and finished in it 2020. What are the best ways to handle the expenses, rental income, depreciation in my accounting to keep my tax bill low and maximize all the expenses? I plan to hold this rental for at least 15 years.
Any and all advice is welcomed.
Thank you!