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achakerian
Mar 15, 2007, 05:51 AM
For income tax purposes, major improvements 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, 06:31 AM
They need to be added to the basis and depreciated.

achakerian
Mar 15, 2007, 07:06 AM
They need to be added to the basis and depreciated.


Thanks-you!

AtlantaTaxExpert
Mar 18, 2007, 06:31 PM
Agree with TaxSearcher!