Investors & landlords

Thanks Mike.

 

The SA are for railings around the complex and building a new drainage system to divert water away from the complex (will be sawcutting thru the city's sidewalk).

 

My understanding is that this SA is a 'land improvements' instead of a "residential rental real estate" improvement.

 

I am confused because you said it is depreciated but Turbotax and another source said it will be expense right away.

 

Turbotax is expensing the land improvement right away and I read only

"Examples of land improvements are drainage and irrigation systems, fencing, landscaping, and parking lots and walkways. A special item is the ongoing cost of landscaping. This is a period cost, not a fixed asset, and so should be charged to expense as incurred" (Source: Accounting Tools)