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The minimum expenditure threshold of capital improvements should be considered. This is an area where there is overlap with a QS report. If you install a $200 exhaust fan the QS would likely write it off...Hence it becomes deductible. My advice would be obtaining a QS report AFTER work is...

Not really. It depends is my response.

These are generally initial repairs, not improvements. Initial repairs are capital expenditure and non-deductible. The rationale behind this is that you acquired the property in a specific state and paid a price for that. If it had all the improvements done it may have cost more. Thus the...