In this video, I’ll explain how to properly document repairs versus improvements, breaking down their different tax treatments so you can maximize deductions and stay compliant with IRS rules.
Would you like to learn more about protecting your assets? Schedule a free consultation here 👉 https://aba.link/v1s
If you’re a real estate investor looking to reduce your tax bill, this video is a must-watch.
Learn the crucial difference between repairs and improvements—and how each is treated by the IRS—to avoid costly mistakes and potential audits.
You’ll also learn about IRS safe harbor rules that can help you classify certain costs as repairs, saving you thousands in taxes.
Whether you’re fixing a leaky faucet or upgrading a roof, understanding these rules can put more money in your pocket and keep you out of trouble.
Show Notes:
0:00 Intro
1:46 Common repair examples (leaks, patches, paint, broken windows)
2:51 IRS Publication 527 and the simple “fix vs. better/longer” test
4:40 The biggest mistake: poor documentation and lumping expenses
6:35 IRS red flags: large deductions, inconsistencies, weak records
9:02 Outro
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FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today to protect your business and personal assets from snoopy lawyers, creditors, or even greedy people out to make a quick buck who want to take advantage of YOU. 👉 Save Your Seat: https://aba.link/wfs
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FINANCIAL PLANNING & RESOURCES
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. https://aba.link/fdw
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For financial strategies, podcasts, articles, and details on upcoming workshops, visit https://aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#realestatetax #houserepair #houseimprovement
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