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Every property manager has the same goal — to make the most profit possible. To do this, you’ll need to leverage your knowledge of tax deductions and depreciations to understand what you can and can’t claim when tax season rolls around.
How much can you write off for repairs on rental property? What do rental property repairs include? These are some questions that will be answered below. Continue reading to experience more tax savings for your property.
Related: The Most Forgotten Tax Deductions Business Owners Should Take
Distinguishing between a repair and an improvement
Many property managers and landlords have difficulty understanding the
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