MGC94
Level 7

Taxpayer owns a storage unit (sch C) 

He added a new building to it to hold more units 

The cost of the building was $46,671. Taxpayer put down a deposit of in March of $5,500. He paid the remaining balance in June.

What is the best way to take this write off or correct way? 

Thank you for your help...  

 

 

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