|
#1
11-06-2005, 03:49 PM
| |||
| |||
 Re: Can Leasehold Improvements be expensed under 179? David Woods, EA, ChFC, CLU wrote: - quote - > "njoracle" <njoracle[at]att.net> wrote:
Suppose some of these "leasehold improvements" (e.g.> > If a leasee improves a retail store (not a restaurant) in > > 2005, the 2004 tax act says it can be depreciated over 15 > > years if done prior to 2006. Is it possible to expense any > > of these improvements under section 179? > No. flooring, track lighting, wall mirrors, etc) will be removed by the lessee at the termination of the lease. The lessee will take these items to a new location or otherwise dispose of them. Would the original expense still be categorized as a "leasehold improvement" or could it then be categorized as a 179 expense? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
11-04-2005, 03:50 AM
| |||
| |||
| Re: Can Leasehold Improvements be expensed under 179? "njoracle" <njoracle[at]att.net> wrote: - quote - > If a leasee improves a retail store (not a restaurant) in
No.> 2005, the 2004 tax act says it can be depreciated over 15 > years if done prior to 2006. Is it possible to expense any > of these improvements under section 179? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
|
#-1
11-03-2005, 02:50 AM
| |||
| |||
| Can Leasehold Improvements be expensed under 179? If a leasee improves a retail store (not a restaurant) in 2005, the 2004 tax act says it can be depreciated over 15 years if done prior to 2006. Is it possible to expense any of these improvements under section 179? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| 179, expensed, improvements, leasehold |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Deposits are subtracted, expensed added! ilink4gray: I'm using Money2005. Hadn't used it in a while due to log on errors with my bank. That's now resolved. However, the math seems to have reversed. ... | Microsoft Money | 11 | 11-26-2006 05:26 AM | |
| Improvements To Money pjb: In Money 2005 the categories and subcategories have been added to one menu drop down. This is a real pain as a search using the first letter of the... | Microsoft Money | 6 | 10-06-2006 01:35 AM | |
| Improvements List --- : Is there a List of improvements or corrections accomplished by each release of MSMoney? | Microsoft Money | 2 | 03-03-2005 01:13 AM | |
| Improvements in 2004? Todd Mollerup: I am running MS Money 2002 and I'm considering upgrading to MS Money 2004 or making the painful decision of going back to Quicken (which I used up... | Microsoft Money | 3 | 02-19-2004 09:24 PM | |
| No Improvements in 2004 Regina A. Pelkman: It's unbelievable! No improvements whatsoever in 2004 vs. 2003! All of the same bugs are still present. Performance is still as poor as with... | Microsoft Money | 7 | 07-30-2003 04:46 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
