Rosa replaced a broken heating and air conditioning unit in one of her rental houses....
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Accounting
Rosa replaced a broken heating and air conditioning unit in one of her rental houses. How will this expense be reported on schedule E? (She will NOT make the small taxpayer election for small taxpayers). As a repair, deducted as a current expense; As an improvement, depreciated over 15 years; as an improvement depreciatedover 27 1/2 years: As an improvement depreciated over 31 1/2 years.
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