turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
TomK2023
Employee Tax Expert

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?

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

 

IRS Pub. 527 Residential Rental Property

 

IRS Pub. How to Depreciate Property (page 97)

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
TomK2023
Employee Tax Expert

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?

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

 

IRS Pub. 527 Residential Rental Property

 

IRS Pub. How to Depreciate Property (page 97)

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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?

Thanks for the response and source references!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question