Shawn_NYC t1_iw0a2z3 wrote
Reply to comment by NetQuarterLatte in New York City Is Failing Tenants. So They’re Getting Organized by ethnt
The Trump tax scam makes home maintenance a deductible expense for businesses but not for homeowners. Corporate landlords literally have the playing field tilted for them and against you.
IAmGoingToSleepNow t1_iw2j7ug wrote
What Trump tax scam? Were business expenses not deductible before Trump?
Shawn_NYC t1_iw3e94a wrote
The 2018 tax law included the following provision:
"Landlords can elect to write off repairs, maintenance, and improvements if the total of these expenditures does not exceed the lesser of 2% of the unadjusted basis of the property or $10,000 during a given year."
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