Monday, January 31, 2011
Association Taxes, Oh Goody
For those of you working on your association taxes, or sending form with laundry $ info to the maintenance company. Remember to deduct ½ of your water and electric bills as laundry expenses. (Ok its arbitrary). Also deduct repairs and replacements.
My 24-unit assoc finds that at 75 cents a load we break even and tax is negligible or none. We own our machines.