Did I set this up correctly - house with negative equity

[Michael DeBusk]

On Sun, December 13, 2009 16:57, FireFly wrote:

> As a followup, what transactions would someone do if they made
> repairs/improvements to a house?

For improvements, credit your bank account and debit your home improvement
asset account. For repairs, credit your bank account and debit your home
repairs expenses account.

For the difference: http://www.irs.gov/publications/p530/ar02.html

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