Accurate financial reporting is the backbone of smart real estate investing—and one of the most common areas of confusion is the distinction between capital improvements and expensed repairs. Misclassifying these items doesn’t just distort your property’s financial performance; it can also lead to compliance issues and lost tax benefits. Understanding how to correctly categorize property expenses is essential for maintaining accurate books, optimizing tax deductions, and presenting clear financials to… Read More
Revati Accounting Blog | California Accountant