Is a new storage shed for a rental a captial improvement?
Purchased a used storage shed for $200. Paid $75 for a ramp. Paid $300 to move it. Is the $575 a capital improvement?
Purchased a used storage shed for $200. Paid $75 for a ramp. Paid $300 to move it. Is the $575 a capital improvement?
No the $575 for the storage shed is not considered a capital improvement for your rental property.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.