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Investors & landlords
The project taken as a whole should be categorized as Residential Rental Real Estate, would be depreciated over 27 1/2 years and not be eligible as for Section 179 or the Special Depreciation Allowance.
Recommend that you review your improvements and see whether some expenditures can be isolated as current year expenses and not be capitalized and depreciated over the 27 1/2 year period.
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March 15, 2020
5:03 PM