New Roadway - Cost Segregation or Depreciation?
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?
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Ashish Acharya
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You have to capitalize and depreciate. You can take bonus depreciation (80% write-off) as a land improvement.
Cost seg is not needed.
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