- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Yes, in general, leasehold improvements are amortized by the leaseholder over the shorter of the remaining term of the lease or the useful life.
However, if the improvements cost less than $2,500, you may choose to take the De Minimis Safe Harbor Election. This allows you to expense the cost in the first year.
**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 12, 2023
8:58 AM