- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Amortization will be for 15 years even though lease is currently 5 years with option to renew for another 5?
Yes. If you renew the lease, depreciation continues. If you do not renew the lease and go elsewhere, then the remaining depreciation is fully deductible in the tax year the current lease ends.
March 20, 2022
6:48 PM
339 Views