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Investors & landlords
Unfortunately, I can't tell a white bullet point from a black one. Roofs do qualify.
- Qualified improvement property, which means any improvement to a building’s interior. However, improvements do not qualify if they are attributable to:
- the enlargement of the building,
- any elevator or escalator or
- the internal structural framework of the building.
- Roofs, HVAC, fire protection systems, alarm systems and security systems.
These changes apply to property placed in service in taxable years beginning after Dec. 31, 2017. TCJA Depreciation
February 17, 2021
3:31 PM