MichaelMc
New Member

Get your taxes done using TurboTax

You are going into more detail than your need to, as the various costs were all part of a single asset.

You are going in the right direction. Under the Intangibles, Other property, enter "Leasehold Improvements" and the total cost. Date acquired would be the date the improved premises were opened for business. The depreciable life of leasehold improvements is 15 years; value remaining if the lease is terminated earlier may be fully expensed in the year of termination, when the improvements are abandoned.

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