The lawn of our rental property was inundated with sticker burrs/grass burrs when we bought it. After fighting the stickers for 2 years, our landscaper strongly recommended complete scraping of the property and re-sodding - which we agreed to. We installed a sprinkler system during the sod replacement project. While the heavy equipment was on-site, we also paid him to remove and replace trees which did not survive the deep freeze from the prior year.
Are these expenses considered repairs or improvements?
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These are improvements. Residential real estate with a life expectancy of 27.5 years.
@TomK2023 wouldn't this be land improvements depreciated over 15 years?
Yes, an argument can be certainly be made for the 15-year depreciation classification, but opting for 27.5 years is the more conservative option.
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