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You will expense the full amount of repairs on your rental property under repairs (screenshot).
This way, you get to claim the full amount of the repair expense for the tax year. (Depreciation relates to capital improvements and extends the recognition of the expenses related to these improvements over several years (the life of the depreciable asset)).
You will expense the full amount of repairs on your rental property under repairs (screenshot).
This way, you get to claim the full amount of the repair expense for the tax year. (Depreciation relates to capital improvements and extends the recognition of the expenses related to these improvements over several years (the life of the depreciable asset)).
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