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Yes, installing a new water line for your rental property is deductible as a capital improvement.
Please read this TurboTax FAQ for additional information about "How do I handle capital improvements and depreciation for my rental?": How do I handle capital improvements and depreciation for my rental?
Yes, installing a new water line for your rental property is deductible as a capital improvement.
Please read this TurboTax FAQ for additional information about "How do I handle capital improvements and depreciation for my rental?": How do I handle capital improvements and depreciation for my rental?
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