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Can I depreciate capital improvements on a property I rent for my business
I am renting a property for my new business. It has required significant expense for capital improvements. Can I deduct these costs?
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Can I depreciate capital improvements on a property I rent for my business
Yes, you can depreciate these improvements.
They are capitalized as Leasehold improvements and are depreciated over 15 years.
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Can I depreciate capital improvements on a property I rent for my business
Yes, you can depreciate these improvements.
They are capitalized as Leasehold improvements and are depreciated over 15 years.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"