Ground improvements qualify for bonus depreciation!!!!
Reminder:
Ground improvements qualify for bonus depreciation.
This includes various landscaping.
Roads and external parking areas.
Sidewalks and pathways.
Fences.
Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).
Outdoor lighting.
Rec facilities (like playgrounds, sports courts, and swimming pools).
And more.
It's a big category for depreciation/bonus depreciation that we love.
Most Popular Reply
Very true!
My favorite category is car washes - the entire structure is bonus eligible because there is a special carveout in Pub 946 in asset class 57.1 that deems them as land improvements!
I had a double take the first time I read that one.