Can I depreciate capital improvements on a property I rent for my business

kim10 · ‎June 4, 2019

I am renting a property for my new business. It has required significant expense for capital improvements. Can I deduct these costs?

MinhT · ‎June 4, 2019

Yes, you can depreciate these improvements.

They are capitalized as Leasehold improvements and are depreciated over 15 years.

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MinhT · ‎June 4, 2019

Yes, you can depreciate these improvements.

They are capitalized as Leasehold improvements and are depreciated over 15 years.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"