Qualified improvement property
15-year or expensed
Can You Write Off Qualified Improvement Property?
Short answer: Interior improvements to a commercial building, like walls, flooring, and lighting, are 15-year property eligible for 100% bonus depreciation or Section 179.
Enlargements, elevators, and structural framework don't qualify.
Records to keep: Keep the receipt, proof of payment, and a note or log showing business use; for mixed-use items, track the business percentage.
Qualified improvement property
Typical range: 15-year or expensed
General Business
Interior improvements to a commercial building, like walls, flooring, and lighting, are 15-year property eligible for 100% bonus depreciation or Section 179.
Business justification
Interior improvements to a commercial building, like walls, flooring, and lighting, are 15-year property eligible for 100% bonus depreciation or Section 179. Enlargements, elevators, and structural framework don't qualify.
Category
- Business Equipment & Products