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kim10
New Member

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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MinhT
Expert Alumni

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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1 Reply
MinhT
Expert Alumni

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"

View solution in original post

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