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  If I own a rental property and I purchase home improvement supplies?

4 comments

1. doug0102 says:

   March 17, 2011 at 11:10 am

   Yes, you can write it off. You’ll not be actually "reimbursed." It’s like with any other deductions, it will lower your your taxable income and you’ll have to pay less in taxes. How much? Depends on you tax bracket. Lets say you make $100,000 renting your properties and you write off $2,000 in improvements. It will not help you any.
   If you make $100,000 and manage legally write off $50,000 it will help.
   These are just extremely simplified examples, to give you an idea.
   And, of course, if you own rental property, it’s not a good idea at all to do your taxes yourself. Pay a tax accountant a couple of hundred dollars and get it done by a professional.
2. www.shumwaycosmeticsurgery.com says:

   December 16, 2011 at 10:08 pm

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3. hampton inn says:

   December 28, 2011 at 7:20 pm

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4. phoenix house says:

   January 4, 2012 at 1:29 am

   Your article is one of the best, most interesting pieces of writing I have read on this subject. The work you must have put into this is appreciated. Thank you.