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Employee
June 4, 2019
Solved

Is a new storage shed for a rental a captial improvement?

  • June 4, 2019
  • 1 reply
  • 0 views

Purchased a used storage shed for $200.  Paid $75 for a ramp.  Paid $300 to move it.  Is the $575 a capital improvement?

Best answer by Leonard11_2

No the  $575 for the storage shed is not considered a capital improvement for your rental property.

1 reply

Employee
June 4, 2019

No the  $575 for the storage shed is not considered a capital improvement for your rental property.

Employee
June 4, 2019
Could you educate me on why it is not considered a capital improvement?