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  1. Propertunity

    ITWV and Taxable Income question??

    Why not just use the exact figure on the Depreciation Schedule that you got from the QS? Without that there is just no way of telling. I am claiming about $7K for a 22 year old one that has had a $40K reno done on it 3 years ago. $5K for a really old one with a reno. I think you might get...
  2. Propertunity

    ITWV and Taxable Income question??

    Well yes, less per year because of your IP losses which converts into paying less tax per week - so you get your tax refund early and via weekly drip feed. Are you paying yourself wages? then yes. A reduced income is going to turn up on your end of financial year PAYG slips or tax assessment...
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