Besides picking out the perfect addition or decoration for your rental property, you also need to think about whether the expense is considered a repair or maintenance type cost or capital improvement expenditure for tax purposes. This is very important because it significantly impacts your tax deductions if you are not in the trade or business of renting properties.
Read MoreTags: Accounting
It is that time again to gather your documents and get organized to file taxes. Here are five tips to help you properly itemize your deductions and minimize your taxes.
Tags: Entrepreneurship, Tax
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