The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: Tangible Propertry

Tangible Property Repairs Eligible for a Deduction

If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income tax return. But you must make sure they were true “repairs,” not actually “improvements.” Why? Costs incurred to improve tangible property must be depreciated over a period… Continue Reading