topic If I lease a space and install a new HVAC system with my own money should this be listed as an improvment or as a piece of equipment? I do not own building. in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-lease-a-space-and-install-a-new-hvac-system-with-my-own-money-should-this-be-listed-as-an/01/103675#M12941 Sat, 01 Jun 2019 04:34:35 GMT bryanp-2 2019-06-01T04:34:35Z If I lease a space and install a new HVAC system with my own money should this be listed as an improvment or as a piece of equipment? I do not own building. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-lease-a-space-and-install-a-new-hvac-system-with-my-own-money-should-this-be-listed-as-an/01/103675#M12941 Sat, 01 Jun 2019 04:34:35 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-i-lease-a-space-and-install-a-new-hvac-system-with-my-own-money-should-this-be-listed-as-an/01/103675#M12941 bryanp-2 2019-06-01T04:34:35Z If you lease a space for business and install a new HVAC... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-you-lease-a-space-for-business-and-install-a-new-hvac/01/103684#M12943 <P>If you lease a space for business and install a new HVAC system, that would be a leasehold improvement, however you may be able to deduct the entire cost if you elect to deduct it under Section 179.</P> Sat, 01 Jun 2019 04:34:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-you-lease-a-space-for-business-and-install-a-new-hvac/01/103684#M12943 RichardK 2019-06-01T04:34:36Z