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another rental question

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    another rental question

    Client purchased a piece of property with an older mobile home on it. The mobile home was in a very sad shape and not really livable. He spent about $7700 in supplies and materials to get it ready to rent. The client did all of the work himself so that amount was just the materials.
    From what I read about repairs vs improvements this would be considered an improvement and would have to be depreciated over 27 1.2 years. I just want to get your opinion. Since it is such a large sum of money, it would make a huge difference on the tax return.

    Linda, EA

    #2
    I agree with that conclusion.

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