Needs to be depreciated 7 years I believe.
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Cris Kelly
Sent: Thursday, September 11, 2008 12:09 PM
To: taxchat@yahoogroups.com
Subject: [taxchat] carpeting
Does carpeting need to be capitalized, leasehold improvements, or is it considered a maint issue like painting?
I am going w/ that it is a leasehold, but I want to get some opinions.
Thanks – you guys are all great!!
Cris
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