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    #1

    Rental Property

    Would a foundation repair be depreciated or expensed. Cost was 3200.00. I am brain dead at this point.
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    #2
    I would expense it as any other repair.

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      #3
      There was a very good post

      Originally posted by Donanita View Post
      Would a foundation repair be depreciated or expensed. Cost was 3200.00. I am brain dead at this point.
      about this subject just a couple of days ago. It's back on page three under the thread titled "Depreciation Question" (4-3-08) by NotEasy. He was asking the same sort of question you are and our resident expert Burton Koss gave a great answer to it: "Fully deductible in the current year?" An excellent examination/analysis.

      P.S. Never mind page three -- I'm so taken with it that I'm bringing it back to the top of this page.
      Last edited by Black Bart; 04-05-2008, 09:58 PM.

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