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stargazer1
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New driveway for a duplex

I had a new driveway put in for our duplex. We had a company pour concrete for both sides since our driveway was in need of repair.  I live in one half and rent out the other. I bought heating coils and put them in before the concrete was poured. How do I expense out these items?

 

Thanks,

 

Shirley Shryack

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1 Reply

New driveway for a duplex

1/2 of the expense goes to the rental Sch E  and is depreciated over 15 years.  The personal 1/2 adds to your cost basis. 

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