You'll need to sign in or create an account to connect with an expert.
It's an improvement and is depreciated over 27.5 years.
However, there is a relatively new tax break that will allow you to elect to deduct it all this year.
You can still use the De Minimis Safe Harbor election for improvements Up to $2500.
Reference: https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
priestleydave
New Member
margomustang
New Member
troyponton
New Member
KarenL
Employee Tax Expert
benborkott
New Member