TAXMAN Posted October 8, 2008 Report Posted October 8, 2008 TP schedule c makes improvements to driveway(ie blacktop). TP paying rent to landlord. Landlord would not pay or reinburse for this expense. TP moves business to another location. Old blacktop still has basis left. Write off on SCh C as depreciation or what? Many thanks. Quote
BulldogTom Posted October 8, 2008 Report Posted October 8, 2008 A leasehold improvement can be fully amortized in the year the company no longer holds the lease to which the improvement relates. Tom Lodi, CA Quote
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