Leasehold Improvements

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  • Bobby
    Member
    • Feb 2008
    • 37
    #1

    Leasehold Improvements

    How do you show leasehold improvements on the tax return?
    Tags: None
    • AJsTax
      Senior Member
      • Jun 2008
      • 629
      #2
      Leasehold improvements

      are depreciated. some at 15 years, most at 39 years. If she is renting space she is working on a Sch C business and it would go on that form.
      AJ, EA

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        • Super Mom
          Senior Member
          • Jun 2007
          • 1151
          #3
          I believe it is an asset that is depriciated

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            • BOB W
              Senior Member
              • Jun 2005
              • 4061
              #4
              Amoritize over the remaing term of the lease.
              This post is for discussion purposes only and should be verified with other sources before actual use.

              Many times I post additional info on the post, Click on "message board" for updated content.

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