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Posted by Stuart A. Bronstein on October 3, 2009, 4:00 pm
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> Okay, I think I get the picture now. To illustrate:
>
> One of my clients a couple of months ago had to erect a more
> permanent fence to hide all the cars parked in front of his
> repair business, thus making the property less unsightly from
> the road.
>
> 1. If the landlord agreed to pay for the fence with client
> actually paying for it with a corresponding reduction in rent,
> then it would be income to the landlord with his own
> corresponding depreciation.
Ok, I'll agree with that.
> 2. As it is, landlord didn't care to pay for it so client had to
> and we will take depreciation for the fence on a 15 year basis
> for the next 5 or 7 years until client quits and then write the
> balance off. Landlord at that time gets the fence of course with
> no income per section 109.
Good. Thanks.
--
Stu
http://downtoearthlawyer.com
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