abctax55
Level 15
12-07-2019
08:23 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Repairs & Improvements are NOT interchangeable terms.
A repair is not restricted to "less than 2% of unadjusted basis".
An Improvement will depreciated using MACRS (assuming the property is on US soil), using the appropriate convention.
HumanKind... Be Both