Announcement

Collapse
No announcement yet.

Asset catergory for rented garage

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

    Asset catergory for rented garage

    Would a stand-alone garage on a residential rental fall under a 15 yr land improvement asset? Property also has barn that is rented.
    Tags: None
    #2
    Originally posted by AZ-Tax View Post
    Would a stand-alone garage on a residential rental fall under a 15 yr land improvement asset? Property also has barn that is rented.
    No. Buildings are specifically excluded from land improvement class.

    Comment

      #3
      How about I go same with the house 27.5?

      How about 27.5, same as the Rental house. Please chime in

      Comment

        #4
        Originally posted by AZ-Tax View Post
        How about 27.5, same as the Rental house. Please chime in
        Unless it can be justified as being a farm building, 27.5 years would be the appropriate term.

        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