qbteachmt
Level 15
03-10-2020
01:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A dock either is floating (still attached, just indirectly) or fixed. You can read some helpful info here:
https://news.bloombergtax.com/daily-tax-report/insight-13
For how the IRS deemed a floating dock is Real Estate Asset (a link is provided there for the ruling).
Pub 946 includes this: "Land and Improvements
Land and land improvements do not qualify as section 179 property. Land improvements include swimming pools, paved parking areas, wharves, docks, bridges, and fences."
*******************************
"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.