Reply: 3.2.1
From: Sim' Hampel
On 5/3/02 1:12:00 PM, Reno Vation wrote:
>
> Isn't it a tax deduction?
Umm, no it's not. Renovations would generally be regarded as capital improvements, not repairs, and so are not deductible. However, they should be depreciable. Speak to your accountant.