Rental Property

[Desman Angelo]

If I replace or reimburse a neighbor who has replace the full section of fence that borders our properties, can I expense that cost or must I depreciate it.   The section of fence is being replaced because it needs serious repair. Thanks

[Critter-3]

Since it is not an asset you own you cannot depreciate it so you can expense it.

[Desman Angelo]

Thanks. So, is it an all or nothing thing? I have to own all the fence to depreciate my 50 percent portion of the repair/replace?

[Critter-3]

Ok ... you depreciate what you own.  Or expense what you don't.