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Should cost of mandatory earthquake retrofitting for business property in SF, CA, be considered capital improvement or repair? Where do I take the deduction?
I own an office in a small condo and had to pay a share of the mandatory retrofitting of the entire building. Structural repairs were required by the city and as far as I know they do not increase the value of the property. How do I deduct this expense?
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‎June 5, 2019
10:20 PM