I have a rental house that I keep for investment purposes. I had to replace an ancient non-complying septic tank with an expensive pump-up mound system. Is this considered an improvement to land in that it is depreciated over a period of 15 years?
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1 Best answer
TomK2023
Expert Alumni
Mar 28, 2024 10:11:49 AM
Yes, its a land improvement and depreciated over 15 years.