AnnetteB6
Expert Alumni

Investors & landlords

Yes, since the city permit fees were part of the cost of the project, add them to the other costs where they will be depreciated with the improvement itself.

 

Yes, you would consider all expenses for the project to be part of the total cost which will be depreciated starting when it is placed in service in 2023.  This does include expenses that you incurred in 2021 and 2022.

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