TaxGuyBill
Level 15
03-26-2021
10:26 PM
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There is no "leasehold improvement" category anymore, it is "Qualified Improvement Property".
However, that only applies to certain things on the INTERIOR of the building, and most commercial HVAC systems that I know of are external. Therefore, it would be depreciated over 39 years.
However, HVACs now qualify for Section 179 for Nonresidential Real Property, so that is probably the best option.