TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Employee

Solved

I have a rental house that I keep for investment purposes. I had to replace an ancient non-complying septic tank with an expensive pump-up mound system. Is this considered an improvement to land in that it is depreciated over a period of 15 years?

Forum|Forum|2 years ago
March 28, 2024
1 reply
0 views

No text available

Not A Product Question

Best answer by TomK2023

Yes, its a land improvement and depreciated over 15 years.

IRS Pub. 527 Residential Rental Property

IRS Pub. How to Depreciate Property (page 97)

Yes, its a land improvement and depreciated over 15 years.

IRS Pub. 527 Residential Rental Property

IRS Pub. How to Depreciate Property (page 97)

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

PaulB1Author

Employee

Thanks for the response and source references!