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Deductions & credits
SEC1250 property becomes "a part of" the structure. Things like a new HVAC system, new windows, etc.
SEC1245 property would be things not part of the structure. For example, furniture, new refrigerator/freezer, etc.
But a new hot water heater is SEC1250 because it does become a part of the plumbing system, which is already a part of the structure.
March 18, 2022
8:41 AM