Client poured concrete in 2020 for business storage at his home. 2021 building the storage.
The concrete that was poured goes on his sch C, correct?
Is this like a shed?
I would consider it all one depreciable asset (concrete and building combined) when it is "placed in service".
Concrete last year 2020
shed this year 2021
Completed storage area (concrete and building) ready for business use, 2021.
Was the concrete placed in service in 2020? Like, a huge parking pad with RVs on it, and space left to add a small toolshed which is what happened in 2021?
If it is not in use, it is not ready for business.
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