Thanks for your help.

replied almost 3 years ago.

But I don't need to list that as say, a shareholder loan or some other way?

@Ian Montanio,Even though it is in the house that is being renovated, it can be expensed. We need to make a right election in your tax return.

However, if you want to be % confidence on deductions, wait until you rent out the place or at least advertise when the house is ready.

Jun 04, If the tree removal was necessary for overall safety of structure/tenants or resulted from weather damage (I assume this is your case), then it is an expense.

You would just prorate the expense between two house and report them under separate activity in your schedule E.

The expense category you selected will work. If the tree removal was part of a landscaping endeavor, then you would capitalize and depreciate.

bushfelling.bar Reading Time: 4 mins. Apr 14, If the tree removal was necessary for overall safety of structure/tenants or resulted from weather damage, then it is an expense.

The expense category you selected will work. If the tree removal was part of a landscaping endeavor, then you gardner stump removal capitalize and depreciate.

Say"Thanks" by clicking the thumb icon in a post. The election to currently deduct tree removal costs that otherwise would be capitalexpenditures is no longer available because of the repeal of former § A landscape overhaul can include anything from a major tree planting to sculpting the site for more aesthetic value to addressing drainage problems, amongst other possibilities.

The bottom line is, as usual, the bottom line. A capital improvement project is an investment that is intended to bring ROI. NATIONWIDE SERVICE bushfelling.bar COP LL SERVED LLV KBKG Repair vs.

Capitalization: Improvement Decision Tree - Final Regulations Considering the appropriate Unit of Property (UOP), does the expenditure (Last Updated ): KBKG expressly disclaims any liability in connection with use of this document or its contents by any third party.