Tax season is coming up sooner than you think! As investors, we know that present money is worth significantly more than future money. So why not free up more present money when updating your rental property? In this video, we will explore:
- Maintenance versus capital improvement,
- The tax implications of remodeling or significantly updating a rental, and
- How a little-known tool can dramatically speed up some of your rental’s depreciation – meaning more money in your pocket.
I am not a CPA! But I have had the benefit of working with some fantastic specialists in these fields who are happy to help you as well. Reach out anytime if you would like a referral.
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