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All Forum Posts by: Joe Taylor

Joe Taylor has started 4 posts and replied 14 times.

Post: Removal of Above Ground Pool

Joe TaylorPosted
  • Bellevue, WA
  • Posts 14
  • Votes 1
Just a post a free ad or asking around, someone will come get it free. The last time I did that I posted an ad Friday afternoon and had 20 responses by Saturday morning. The fun part is fixing the yard, usually even the above ground pools are dug a foot or more into the ground, especially towards the center. I'd look carefully at that and see how much work that is. I've done two above ground and both took two 20-ton dump truck loads worth of dirt to level the yard properly.

Post: Home modifications an Expense or CapEx?

Joe TaylorPosted
  • Bellevue, WA
  • Posts 14
  • Votes 1
Dave Toelkes fair points. A couple examples where I still have doubts (1) installing a Rollin shower would mean tearing out a perfectly good tub/shower. I was reading an article mentioning "partial disposition" or something, maybe writing off the value of the good tub, which seems fair, but I haven't looked into that further yet. (2) some mods I think would have no or potentially negative impact to the general market value of the property, like a ramp taking up half a garage or one room I moved the door to the living room instead of hallway to get it to 36".

Post: Home modifications an Expense or CapEx?

Joe TaylorPosted
  • Bellevue, WA
  • Posts 14
  • Votes 1
Dave Toelkes Maybe you can realize increased rents, maybe not. At some point when they move out however, is the house more marketable / valuable? Is it really an "improvement" to property? Depends who you ask I suppose. Often people consider a ramp an eyesore instead of an improvement for example while the person in a wheelchair has an improvement. A Rollin shower is less valuable to a family with children (larger market I'd say) than the tub that was removed.

Post: Home modifications an Expense or CapEx?

Joe TaylorPosted
  • Bellevue, WA
  • Posts 14
  • Votes 1
I had situation this year that I'm not sure per tax code if the costs would be deductible or require depreciating. Accessibility modifications, which could be wheel chair ramps, door widening, shower modifications. Some changes may add value, others decrease value, and some negligible impact. I am interested in discussing all cases. So far I have found nothing on irs.gov or other websites to clarify how the costs would be treated if paid for by a landlord. Thoughts? References? Thanks!