Commercial property owners often will have all kinds of expenditures when it comes to making improvements for tenants. Do those costs get capitalized? Do they get expensed? What kinds of improvements qualify for Qualified Improvement Property (QIP)?
Here are two very helpful articles on the subject.
What is Qualified Leasehold Improvement Property?
If you own a building and have not had your building or your improvement studied yet for tax savings, please reach out and we’ll be happy to provide you with a quote for an engineering-based cost segregation study.