Business owners may think that, if they repair a piece of tangible property, they’ll qualify for an immediate tax deduction. But the IRS may define that “repair” as an “improvement,” and require the costs to be depreciated over a much longer period.
Repairing or Improving your Business Property can Provide Tax Deductions
![](https://www.landmarkcpas.com/wp-content/uploads/2022/12/Business-Repair-or-Improvement-Image-RS-1024x640.jpg)