Depreciation - 15 year property

15 year property includes any municipal wastewater treatment plant, any telephone distribution plant and comparable equipment used for 2-way exchange of voice and data communication, any qualified restaurant property that is a building, any qualified leasehold improvement property, any section 1250 property that is a retail motor fuels outlet whether or not food or other convenience items are sold there, initial clearing and grading land improvements for gas utility property, certain electric transmission property.

Need Professional Help?

If you need help with "Depreciation" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.