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LHI for building with multiple floors

Technical topics regarding tax preparation.
#1
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18-Jan-2018 9:39am
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DC
Hi Pros,

I have a question about LHI for building with multiple floors.

If a business has Leasehold Improvements in a building of 2 levels, one level has been completed this year, and ready to use, while the other level is not. Would Level one be able to take depreciation since it's completed?

Appreciate any insights!
 

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