Quote Originally Posted by Sparky View Post
Guy hires a contractor to Epoxy coat two garage floors for his side by side rental. Pays a total of $4,750.

My first reaction was this is going to last a lifetime depreciate it over 27.5 years. . . .

Would appreciate your advise.
See if it facts fit the rules:

It is not expected that this work will be required regularly, so it's not under the routine maintenance safe harbor. Taxpayer may elect to deduction of up to the lesser of 2% of adjusted basis or $10,000. That expense for the improvement will go under Repairs on Sch E with a notation that the expense was under sec 1.263a.
Adjusted basis is what the building started with for depreciation when first put in service for rental purpose, not current depreciable basis.