The average rental home has $20,000 in chattel. And in the first 5 years, you can write off an accelerated amount. These are items already in your rental and a tax break the government has given you. So stop paying more than you need to in taxes and call us today. (435) 881-9717
Client 1 - They had a $12,000 Capital Gain and a home with $17,977 in chattel. The first year deduction was $6343, a tax savings of $1776.
Client 2 - They had a $15,000 Capital Gain and a home with $46,552 in chattel. The first year deduction was $12,120, a tax savings of $3394.
Client 3 - They had a $10,000 Capital Gain and a home with $20,000 in chattel. The first year deduction was $5500, a tax savings of $1540.