Any tax break on materials for capital improvement of an income property in GA?

lchang123 Posts: 2, Reputation: 1

New Member

Dec 6, 2010, 11:49 PM

Any tax break on materials for capital improvement of an income property in GA?

AtlantaTaxExpert Posts: 21,836, Reputation: 846

Senior Tax Expert

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 Posts: 2, Reputation: 1

New Member

Dec 7, 2010, 09:20 PM

Comment on AtlantaTaxExpert's post

Thank you very much!

AtlantaTaxExpert Posts: 21,836, Reputation: 846

Senior Tax Expert

Dec 8, 2010, 04:47 PM

Glad to help!

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