When planning to acquire U.S. real estate, foreign individuals have a number of ownership alternatives to consider, each of which offers its own advantages and disadvantages. Following is a brief summary of the most common options, along with other items a foreign investor should consider when evaluating the most advantageous method for holding […]

Repairs Vs Improvements

The cost of repairs to rental property is a deductible tax expense.

However, the costs of improvements to a property are not deductible in the year paid. Improvements are recovered by taking depreciation.

What is the difference between a repair and an improvement?

Repairs:

A repair keeps your property in good operating condition. It […]