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Any tax break on materials for capital improvement of an income property in GA?
lchang123
Dec 6, 2010, 11:49 PM
AtlantaTaxExpert
Dec 7, 2010, 09:03 PM
No. A capital improvement has to be depreciated over a set period. For rental property, the depreciation period is generally 27.5 years, but it can be shorter.
lchang123
Dec 7, 2010, 09:20 PM
Thank you very much!
AtlantaTaxExpert
Dec 8, 2010, 04:47 PM
Glad to help!