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Can I deduct the cost ($14k) of replacing a broken retaining wall at my rental property or do I have to depreciate? What's the best timeline if I have to depreciate?
The original retaining wall used poor quality wooden railroad ties. I replaced with concrete, which is what should have been used, as I understand it. If I had not replaced, my duplex was in danger of sliding down a hill!
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‎June 4, 2019
11:41 AM