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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
10
Votes
Nick Dumas
  • Investor
  • Levittown, PA
10
Votes |
34
Posts

CPa question for improvements

Nick Dumas
  • Investor
  • Levittown, PA
Posted
two questions... 1st is I do a general improvement to a building as I read the tax code the improvement should be amortized over 28.5 years . However we did an improvement to just one unit with excepted life of 10 years. Can I change the amortization to 10 years if I can justify the life. Example an improvement to a mix use commercial space and or a facade facelift Second question. If I have to go with the 27.5 year depreciation can I use the double declining method?

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