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I installed a new HVAC unit in May, and rent out the property in August same year. Can I depreciation the replacement cost to the rental or it's considered as personal?
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I installed a new HVAC unit in May, and rent out the property in August same year. Can I depreciation the replacement cost to the rental or it's considered as personal?
It would be added to the basis (value) of the building and depreciated.
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I installed a new HVAC unit in May, and rent out the property in August same year. Can I depreciation the replacement cost to the rental or it's considered as personal?
It would be added to the basis (value) of the building and depreciated.
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