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Old 06-23-2011, 01:29 PM
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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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