All of the items can be expensed with the possible exception of the underground oil tank with above ground tank. This may be considered an improvement that increases the value of the property.
"The IRS has permitted taxpayers to deduct the costs of replacing underground waste storage tanks where the new tanks were filled with waste once, sealed indefinitely, had no salvage value, and had no remaining useful life to the taxpayer. The IRS has required taxpayers to capitalize the costs of replacing underground gasoline storage tanks where such tanks constituted the acquisition of an asset that had useful life to the taxpayer substantially beyond the taxable year."
DEPARTMENT OF THE TREASURY : INFO 2001-0288
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
