A business client (Schedule C LLC) with a professional practice in an office building moved into a new office location earlier this year.
He spent nearly $ 28,000 in making improvements to the leased office space. How is that depreciated, or expensed, and the limitations
of expensing?
I understand that it is depreciable property over 15 year period, but is there bonus depreciation that can be taken?
Where in TTB is that discussed?
Thanks to all in advance.