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347 Q&A with an accountant

this is property

00:00

What's a Repair, and What Is an Improvement?

A lot of investors buy an old house and spend 50 grand on improvements. They think it's going to improve the rent or appeal, so why not do it now? But once you've done that, it's too late for a tax deduction. The strategy around when you spend and when you improve is probably an important concept to consider.

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