JudyB
Level 3
10-25-2020
03:30 PM
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Situation: I have a separate nonresidential RE building used solely as office. Purchased 1/2019
2019 TP added upgrades ( flooring) and in original return I added this cost to the 39 year dep of the building
I wanted to reclassify ( if i can ) the flooring from 39 to 15 yr and with that be eligible for the Spec 100% depreciation. 1. Am i reading the new ruling correctly ?
2 if I am, on asset Entry worksheet, What do i do for TYPE so that it allows me the extra depreciation.
Maybe I have it all wrong but have been trying for clarification all day.
Thanks in advance.
Solved! Go to Solution.
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