Announcement

Collapse
No announcement yet.

Broke lease - Improvements

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Broke lease - Improvements

    Client leased a building and then installed a floor drain in connection with his automotive business. He walked away from the lease and, of course, had to leave the floor drain, with a value of $6500. Can this be written off?
    Tags: None
    #2
    yes

    as a 4797 loss.

    Comment

      #3
      Talk about flushing money down the drain...
      "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

      Comment

      Previous template Next

      Disclaimer

      Collapse

      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

      Working...
      X