Search results

Scrapping items isnt deductible at time of moving in etc. It just lowers the cost base. Its a bit like throwing $20 notes at a fireplace. Its the opposite of initial repairs. LOL - You could also damage your own unit and claim repairs ?

Dont deposit rent into ANY loan. The only credits to a loan should be a repayment.

Squidman - The depn report gives value. Get it soon - July maybe take pics b4 tenants arrive after you get keys. The deduction doesnt start until you own the property so no reason to buy QS report today. You cant claim the cost until next year. Dont credit rent to the loan !! If you really...