- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You would make a new depreciation asset to depreciate the cost of the external renovation. It will be depreciated over the same number of years as the building itself, but it will be a separate asset since it was completed and placed into service after the original property.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 21, 2025
6:19 AM