Write offs on our RV lot (a tax question)
Last year we bought a RV lot in a nice RV park, with the plans to use it ourselves next year, but in the mean time the park has been renting it out for us. We get a certain amount, and the Park gets...
Forum Discussion
beemerphile1 wrote:
Regarding depreciation, you cannot depreciate land (RV lot), only structures.
And that is why you need to consult a tax expert.
What you depreciate is IMPROVEMENTS to the land.
Is there a concrete pad? Is there a well and pump?
Is it fenced ??
