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Is a new storage shed for a rental a captial improvement?

Purchased a used storage shed for $200.  Paid $75 for a ramp.  Paid $300 to move it.  Is the $575 a capital improvement?

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1 Best answer

Accepted Solutions
Leonard
Intuit Alumni

Is a new storage shed for a rental a captial improvement?

No the  $575 for the storage shed is not considered a capital improvement for your rental property.

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3 Replies
Leonard
Intuit Alumni

Is a new storage shed for a rental a captial improvement?

No the  $575 for the storage shed is not considered a capital improvement for your rental property.

Is a new storage shed for a rental a captial improvement?

Could you educate me on why it is not considered a capital improvement?

Is a new storage shed for a rental a captial improvement?

The reason I am asking this question is to learn.  The $575.00 needs to be accounted for since it was money out of the pocket.  If it is not a capital improvement, I don’t understand how it could be a repair or qualify for any other catagory.  
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