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Investors & landlords
If it is an improvement, that is fine.
The IRS indicates what constitutes a real property capital improvement as follows:
• Fixing a defect or design flaw
• Creating an addition, physical enlargement or expansion
• Creating an increase in capacity, productivity or efficiency
• Rebuilding property after the end of its economic useful life
• Replacing a major component or structural part of the property
Adapting property to a new or different use
The IRS indicates what constitutes a real property capital improvement as follows:
• Fixing a defect or design flaw
• Creating an addition, physical enlargement or expansion
• Creating an increase in capacity, productivity or efficiency
• Rebuilding property after the end of its economic useful life
• Replacing a major component or structural part of the property
Adapting property to a new or different use
June 6, 2019
12:06 PM