Thanks. Please review again..

来源: pinglin111 于 2015-02-06 11:24:53 [] [旧帖] [给我悄悄话] 阅读数 : (834 bytes)
本帖于 2015-02-06 11:27:52 时间, 由普通用户 pinglin111 编辑
回答: You have a good example for RE tax reporting. 由 borisg 于 2015-02-06 11:16:33

1. Appliances are 5 year depreciation properties. So each year you deduct 20% (sorry, if you have a lot of properties like me, you have to keep track the depreciation schedule for each piece of appliance.)
Thanks. Got it.

2. Fixing a leak: plumbing cost is repair, deducted fully.
Thanks

3. Paint the house: can be repair or capital improvement. If you painted before your unit was occupied, it should be considered capital improvement. Otherwise it is repair.

So which one can deduct the cost? Repair or improvement?  How about the clean house cost, lawn care cost...

4. Do you fill the price that you buy the house on the tax return form every year, or only one year? I know you have a lot....:-)

Thank you so much

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• here. -borisg- ♀ 给 borisg 发送悄悄话 borisg 的博客首页 (543 bytes) () 02/06/2015 postreply 11:40:46

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