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.
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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.
posted
May 31, 20199:34 PM
last updated
May 31, 20199:34 PM
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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.
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.