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Investors & landlords
@val31178 wrote:Can all the repairs be lumped together and depreciated over the next 27.5 years.....
Yes, as @Critter-3 explained, all improvements can be depreciated over 27.5 years beginning at such time as the property is placed into service.
You do need to distinguish between repairs and improvements, however.
See https://www.irs.gov/publications/p527#en_US_2020_publink1000219015
‎November 26, 2021
9:43 AM
1,642 Views