Hi all,
Would a roof for a nonresidential building be depreciation on 39 year life as a building improvement or 15 year life as a qualified improvement property? I was reading this article: https://www.irs.gov/newsroom/new-rules- ... d-jobs-act , and it said that we can expense a roof for section 179 purposes, but I wasn't sure if it means it's classified as qualified improvement property.
My client can't take the section 179 deduction due to income limitations The definition of a qualified improvement property is a improvement to a building's interior so I was assuming it should be depreciated 39 years. But just wanted to confirm.
Thanks everyone in advance for any help.