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Investors & landlords
@Carl wrote:
I think your improvements would be more clearly classified as QIP (Qualified Improvement Property) which is depreciated over 15 years
Carl, it is probably not Qualified Improvement Property. If this is a Residential Property on Schedule E, it would not be QIP. And the driveway is not part of the internal part of the building, so that would not be QIP either.
March 18, 2022
9:12 AM