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Level 3
posted Mar 28, 2024 9:48:00 AM

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
Expert Alumni
Mar 28, 2024 10:11:49 AM

Yes, its a land improvement and depreciated over 15 years.

 

IRS Pub. 527 Residential Rental Property

 

IRS Pub. How to Depreciate Property (page 97)

 

2 Replies
Expert Alumni
Mar 28, 2024 10:11:49 AM

Yes, its a land improvement and depreciated over 15 years.

 

IRS Pub. 527 Residential Rental Property

 

IRS Pub. How to Depreciate Property (page 97)

 

Level 3
Mar 28, 2024 1:02:27 PM

Thanks for the response and source references!