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Investors & landlords
except you must really decide if the plumbing was a repair, or an improvement. It's a repair if you replaced a bad line, all the way to the street, and if you moved it to a better location in the process. What would be an improvement is if you renovated a bathroom in the same period. If demolition required removal, or destruction of items that then had to replaced, the repair allows for like quality replacement. Upgrades are improvements.
March 8, 2025
2:01 PM