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Updated almost 6 years ago,

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9
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0
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Jeff Goff
  • Saratoga Springs, UT
0
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9
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Depreciation on repairs?

Jeff Goff
  • Saratoga Springs, UT
Posted

I may understand this wrong, but under the new tax code capital improvements can be taken as a deduction rather than depreciated. Is That right? Specifically I had to do a new water heater and a $4000 foundation repair on a property. Can I just deduct those or do I have to depreciate them? Thanks for your help.

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