I bought a rental condo in 2022 and did an extensive remodel, so I have the depreciation figured on all that. This year will I replace all the windows at a cost of $9,295. I'm confused after reading IRS P527. I think they would be depreciated over 27.5 years starting in June, which is the planned install date. An excerpt from P527 (Page 9) says:
"Additions and improvements, such as a new roof . . . . . . . . .
The same recovery period as that of the property to which the addition or improvement is
made, determined as if the property were placed in service at the same time as the addition
or improvement."
I don't understand how you can retroactively start depreciation? or is it saying start new depreciation schedule for the property and new windows. I'm confused.
Chris
