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wmjhalvorson
February 5, 2025
Question

Expense or capitalize?

  • February 5, 2025
  • 1 reply
  • 0 views

New electrical services and panels to 3plex after contractor described existing as health and safety hazard. 

    1 reply

    PatriciaV
    PatriciaV
    Employee
    February 5, 2025

    New electrical service is generally considered to be integral to the building and would be a capital improvement, subject to depreciation over the life of the building.

     

    For Rental Property, see IRS Pub 527 Repairs and Improvements.

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