Depreciating property improvementsQuestion When I make property improvements, do I depreciate them separately from the property?
Answer In general, improvements or additions to property are treated as separate property and are depreciated separately from the property itself, often on a more accelerated rate, based on the life of that improvement.
The recovery period for improvements begins on the later of the date the improvements are placed in service or the date the property to which the improvements are made is placed in service. 
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz |
    AskJim ID: 1881
|
 |
|
|
Small business answers — NOW!
Ask your business question:
|
©Copyright 2009-2012 by Small Business Network, Inc.