What is the difference between a deductible repair expense and a capital improvement of a rental property?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 05:57 AM

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What is the difference between a deductible repair expense and a capital improvement of a rental property?

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Allowable repairs are expenditures that neither materially add to the value of the prop...View the full answer

Fundamentals Of Taxation 2015

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