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

They need to be added to the basis and depreciated.

Quote:

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Originally Posted by taxsearcher

They need to be added to the basis and depreciated.

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Thanks-you!

Agree with TaxSearcher!