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achakerian
Mar 15, 2007, 04:51 AM
for income tax purposes, major improvments to my rental property must be depreciated over a period of years.

can I take the sales tax on those improvements as a deduction in the year of the improvement, or must the sales tax amount be included in the depreciation schedule?

thank-you,

annette
taxsearcher
Mar 15, 2007, 05:31 AM
They need to be added to the basis and depreciated.
achakerian
Mar 15, 2007, 06:06 AM
They need to be added to the basis and depreciated.


thanks-you!
AtlantaTaxExpert
Mar 18, 2007, 05:31 PM
Agree with TaxSearcher!