Can I include building improvements on my farm somehow as a capital investment and depreciation?

[SabrinaD2]

Yes, you may be able to include building improvements on your farm as a capital investment and depreciate them over time. Here’s how:

• Capital Improvements: These are expenditures that add value to your property, prolong its life, or adapt it to new uses. Examples include adding a new roof, upgrading plumbing, or installing a new HVAC system
• Depreciation: Capital improvements must be depreciated over their useful life rather than deducted as a current-year expense. This means you spread the cost of the improvement over several years

See IRS Farmer's Tax Guide here.