Repairs vs. Capital Improvements to Buildings
March 01, 2011
by
Although Congress has been very generous in creating tax
incentives for investments in personal property—such as Sec. 179
expensing and bonus depreciation—it hasn’t changed the 39-year
depreciable life of nonresidential real estate for two decades. As a
result, whatever expenditures are capitalized to a building will be
depreciated for tax purposes over a period that will extend beyond
most taxpayers’ working years.
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