Hi Bill,
Could you please point me to where land improvements are addressed in the tax code? I am trying to understand better why a "repair" over $2,500 to an existing gravel road/driveway would have to be capitalized instead of expensed. If the original road/driveway was unpaved, I am also wondering if that original driveway could have been expensed instead of capitalized. Any further help you can provide would be appreciated.
