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I added a new asset to an existing rental - can this be right?
I selected 'land improvement' (It's a seawall which I had constructed last fall, and paid upon completion) and TT asked if I wanted to use the 'special depreciation'. I said yes and now the entire amount (somewhat above $25K) can be claimed for 2022. This seems wonderful, but is it legit?
‎February 24, 2023
5:12 PM