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Discussion:Help with Rental RE & a Tree

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Discussion Forum Index --> Tax Questions --> Help with Rental RE & a Tree


CintiCPA (talk|edits) said:

18 February 2007
Client has residential rental property and had to cut down a tree, is that a maintenance expense or a capitla item. The cost to get rid of the tree was $1900? Thanks in advance for your help.

Bottom Line (talk|edits) said:

18 February 2007
Maintenance

Kevinh5 (talk|edits) said:

18 February 2007
depends on if he kept a log (I couldn't resist).

CintiCPA (talk|edits) said:

18 February 2007
Kevinh5, he kept the log for a while, but decided to go ahead and burn the log because it has been so cold here!

Deback (talk|edits) said:

February 19, 2007
Did you reduce the $1,900 repair expense by the FMV of the log (as a personal withdrawal)?

CintiCPA (talk|edits) said:

19 February 2007
Thank you for pointing out that fact. I am trying to find out the type of tree and diameter so I can properly value the log and reduce the expense.

And people think tax preparers, accountants and CPAs have no sense of humor, go figure!

Solomon (talk|edits) said:

19 February 2007
This sounds like an audit - not tax preparation.

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