Hello,
I own an LLC and bought a commercial property that sat abandoned for several years (I put the property in the LLC's name). Can I deduct any of the expenses I incurred to bring the property back into a useful state? (Overgrown vegetation removal, trash removal, paint building, re-gravel, utility meter replacement, etc). From reading IRS publications it appears that all these expenses fall under restoration, but most of my expenses were actually areas outside of the building.
