Replacement A/C- MACRS Recovery Period?
If I replaced an outside A/C unit on a rental property, do I have to depreciate it as an improvement? I was hoping I could put it on a shorter recovery period. Having to pay for a big expense item and not getting to take much of it out of your current tax year seems a bit stiff. Any ideas?
Thanks blueford. That is good to know. I guess that means that if it was a roof unit (for central air) it would have to be 27.5? What a big difference that makes!
27.5 is the correct #
you do get the deduction at least