tax advantages of a driveway replacement?
The home that I currently live in needs a new driveway. I am thinking about keeping this house as a rental property and moving in the next year or so. Is there any tax advantage for me to wait and replace the driveway after I actually make it a rental property?
I know if I could write off the whole driveway as a repair it would be an easy answer. I would wait until I made it a rental house. I think that a driveway replacement is a capital improvement though, so I don't know if I should wait to replace it, or go ahead and do it. Any thoughts on this?