Capital expenditure

https://www.law.cornell.edu/cfr/text/26/1.263(a)-1

§ 1.263(a)-1 Capital expenditures; in general.

(a) General rule for capital expenditures. Except as provided in chapter 1 of the Internal Revenue Code, no deduction is allowed for -

(1) Any amount paid for new buildings or for permanent improvements or betterments made to increase the value of any property or estate; or

(2) Any amount paid in restoring property or in making good the exhaustion thereof for which an allowance is or has been made.

 

把septic tank变成sewage肯定是betterment. 

所有跟帖： 

• 谢谢柠檬和建宁，那就只能按照27.5年去depreciation了 -wait..- ♀ (0 bytes) () 02/11/2023 postreply 13:15:13