New Roadway - Cost Segregation or Depreciation?

[Phil Contreras]

Good day all,

We've installed a new driveway that costed $9,000. The old driveway was 40 years old and needed major repair.

Can I tax depreciate this item in my personal tax? or is this cost segregation?

[Ashish Acharya]

You have to capitalize and depreciate. You can take bonus depreciation (80% write-off) as a land improvement. 

Cost seg is not needed.