Richard14
New Member

Rental house pool was replastered & tile replaced. Can I expense this cost now or must I capitalize and depreciate? I do not understand the rules.Trying to file by Oct 16

Since the pool structure is not affected, only the surface was replaced, to give it a better look, does it need to be capitalized and depreciated?  Or can it be expensed in a single year. I do not understand the term 'betterment' and how it relates to tax rules.