Looking for tax savvy individuals with experience
Three questions:
Say I'm living in my quadplex and I buy washers and dryers for all four units. Am I only able to write off 3 of those new washers and dryers because one is going to my primary residence?
Say I'm building a fence around the property where the entire quadplex is located. Are fence materials considered a write-off? If they are, am I only able to write off 75% of the materials because technically some of that fence is fencing in my primary residence?
Has anyone done a cost-benefit analysis, and do they save you a bunch of money on taxes? Take my circumstance, my units will be constructed in December of 2025, 3 weeks from today. Is it beneficial to complete a CBA on brand-new units? Or should I wait until they are older?