Office Remodling expense

[outwest]

Month to month lease still a lease..

and leasehold improvements are still leasehold improvements even if doing them without a long term lease is stupid.

Even a oral lease is valid. The fact money was paid to the property owner and the owner cashed the check and allowed occupancy is objective evidence of the lease. I sure you would deduct the rent paid and include it in rental income even without a written lease. Why then, aren't the expenses to upgrade the facility leasehold improvements? They relate to a leasehold interest, however short and tenuous.

Stupidity is not a bar to deductibility.

Sorry, rant over..

PS: if stupidity were a bar, I'd be in trouble.

[ChEAr$]

Did't you see my "grin"?

of course the expenditures are deductible; just a matter of timing.

[outwest]

Saw the grin...

This was more in response to postings further up the thread. I haven't figured out how to reply to anything but the last in a thread... any hints on that?

[ChEAr$]

replies

This was more in response to postings further up the thread. I haven't figured out how to reply to anything but the last in a thread... any hints on that?

Notice there are two buttons for replies. Lower right for "quote" the text to which you are
replying, like this reply. Other button is lower right, a simple reply not specifically to
any message.

[outwest]

Okay..

Notice there are two buttons for replies. Lower right for "quote" the text to which you are
replying, like this reply. Other button is lower right, a simple reply not specifically to
any message.

That helps...