I recently paid for resurfacing a commercial parking lot for a small business property I manage. I’m confused whether this cost should be treated as a repair (fully deductible in the same year) or as a capital improvement that needs to be depreciated over time. The work didn’t completely replace the structure but improved…
Am I able to do returns for other people for pay if I have just a PTIN? If so are there any restrictions as to how many returns I can use this software to process?
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