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He's rolling on the floor laughing, it would be bad form to stop one of Somersoft's funniest threads

So he's lost $127,100 on a purchase ($130k loss minus the $2.9k cashback), no wonder he wants to make it back by not paying $500 for a depreciation schedule.. at this rate it will only take 254 properties saving $500 on each schedule to make back the $127k So this must truly be a Somersoft...

The thing with saving money, is it's paid for somehow. In this case and in most cases it's paid for by two things: 1. Your own labour (which should have some value); 2. Increased risk, due to not being an expert nor experienced in whatever field you are using DIY; in this case the risk of a...

I like your nickname, you better be fullylucky, because if you do your tax return with a home-made depreciation schedule you're going to have big problems explaining it if the ATO asks for documentation or audits you :eek: They won't audit you if you're lucky though :D