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Tax, SDIRAs & Cost Segregation

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Joe Doman
  • Investor
  • Canton, MI
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131
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Replaced carpet, how to report on taxes

Joe Doman
  • Investor
  • Canton, MI
Posted Mar 12 2015, 09:47

For new carpet installed in rental, should I report as expense or capital improvement and depreciate when preparing taxes? 

I've read there can be an argument for either. Of course i would like to expense it but I don't want to draw unnecessary attention from auditors. Anyone have any opinions/experiences?

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