Personal property is appliances, carpeting, window treatments, window A/C units, awnings, any kind of floating flooring, kitchen/bathroom cabinets, etc.

So, I pay my CPA to make sure they're right.Sean Brennan note that an LLC is a pass through entity and has no effect at all on your taxes, unless you choose some non-standard tax treatment.

Other relevant info:- My rentals are held in an LLC which has pass-thru treatment for taxes (no S-corp election).- My wife and I do not have enough personal expenses to itemize so we take the standard deduction every year.- My expenses from my rentals, including depreciaiton, have me showing a net loss, but not enough that I have reached the passive activiy loss limit.- My wife's side business has a net profit.The idea would be that since we take the standard deduction, it would be nice to find a way to create an additional deduction on our W2 income by redirecting our contributions through one or both of our businesses to either increase my losses on the rentals up to the passive activity loss limit or reduce her profits on her side business.Obviously this won't help us on our 2013 taxes since I'm just now thinking of this but I'm just wondering if there is any validity to the idea going forward.Thanks!

Apparently this was missed by not only my first closing but a re-fi closing as well,  It was originally filed in 2008 the re filed again in 2013,It is for a water softener and water treatment system,   Note that it was listed on the HUD listing sheet when I bought it in the summer of 2010.Accrued penalties and interest now are about $14000,     The Finance Company that filed this has been less than courteous to not only me but the representative of the bank as this became known,Any suggestions ?

Examples of this that have happened to me is flooding during heavy rains, the neighbors have vicious annoying dogs that weren't out and a couple neighbors hanging out in their yard selling drugs.

  ;)Capital gains refer to assets held for a sufficient duration to earn favorable tax treatment.    

In fact, it was a nightmare dealing with the types of deadbeat, drug dealing tenants he's had to manage.That said, if he can continue weathering the storm he might be okay.  

Patrick Shawn Faherty Yes, Roth and non-Roth funds different tax treatment, so there will be a difference between the funds types.

@Roy Mitle,The tax treatment is a little easier than your example.  

This build will require water line extension to my lot (currently a well) and a sewer treatment plant.