Repairs or Capital Improvements? The IRS Doesn’t Want You to Know This!
In this episode of the Know Your Numbers, REI Podcast, host Chris McCormack breaks down one of the biggest questions in real estate investing; what really counts as a repair, and what’s a capital improvement?
Chris explains why understanding the difference can save you thousands in taxes and how to correctly categorize expenses to comply with IRS guidelines and avoid costly mistakes while maximizing your deductions. You’ll learn the key rules every flipper, developer, or long-term investor should know, plus expert tips on making the right elections and reporting your expenses the smart way…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.