| How much of the Leasehold improvements can a landlord or tenant deduct in 2011?
For both the landlord and a tenant, the cost of Leasehold Improvements usually is depreciable over 39 years. However, for any leasehold improvements made in 2011, taxpayers "can opt to deduct up to $250,000 of such costs rather than depreciating them."
However, after 2011, the election to deduct such costs up to $250,000 does not apply, but taxpayers may depreciate these improvement costs at a much faster method, that is, over 15 years.
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