|
#1
04-11-2005, 09:47 PM
| |||
| |||
 Re: In ground sprinkler - increase basis? "Steve" <srm72499[at]aol.com> wrote - quote - > Is the cost of an in-ground sprinkler system added to the
It tears up (trust me) and needs to be replaced every now> basis of the residence when it is converted to rental use, > or is that considered part of the land (which is not > deprciable)? and then. Add it to your depreciable basis. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
04-11-2005, 09:47 PM
| |||
| |||
| Re: In ground sprinkler - increase basis? "Steve" <srm72499[at]aol.com> wrote: - quote - > Is the cost of an in-ground sprinkler system added to the
I would depreciate the sprinkler system on its own, separate> basis of the residence when it is converted to rental use, > or is that considered part of the land (which is not > deprciable)? from the land or the structure. Wayne Brasch, CPA, M. S. Taxation << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
04-11-2005, 06:32 PM
| |||
| |||
| In ground sprinkler - increase basis? Is the cost of an in-ground sprinkler system added to the basis of the residence when it is converted to rental use, or is that considered part of the land (which is not deprciable)? Thanks. -Steve << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| basis, ground, increase, sprinkler |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Need to increase MRU list ---Fitz---: Using Money 2007 and Vista Home. I need to increase the MRU list under "File" from the default 4 listings to 6 listings. Where in the program or... | Microsoft Money | 2 | 07-04-2008 05:41 AM | |
| Increase In Home Value? Bgreer5050: Over the past year or so my home value has increased, as most just due to market conditions. What category is recommended to show this increase?... | Microsoft Money | 6 | 07-19-2005 05:34 AM | |
| What's the difference between a Partner's Tax Capital Account Basis and Outside Basis? e patashnikov: There's a close relationship between the two, but I'm not sure where the two concepts differ. Shouldn't a partner's basis in his/her partnership... | Taxes | 7 | 08-04-2004 05:54 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
