Carl
Level 15

Investors & landlords

Thanks for offering your opinion

It's not an opinion. It's a fact that the work done meets the IRS requirements of a property improvement.

Property Improvement.

Property improvements are expenses you incur that add value to the property.

To be classified as a property improvement, two criteria must be met:

1) The improvement must become "a material part of" the property. For example, remodeling the bathroom, new cabinets or appliances in the kitchen. New carpet. Replacing that old Central Air unit.

2) The improvement must add "real" value to the property. In other words, when  the property is appraised by a qualified, certified, licensed property appraiser, he will appraise it at a higher value, than he would have without the improvements.