RobertB4444
Expert Alumni

Business & farm

That publication is referring to assessments against your residence.  Assessments against your business that are for improvements to the area and increase the value of your home are depreciated as rental real estate property over 27.5 years.  

 

Go ahead and create a new asset for the assessment and begin depreciating it as of the date that you paid it.

 

@rz19 

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