October 19, 2014 By Dennis Pennington/Michigan State University Extension
Oct. 18, 2014, Michigan – Increased interest in tile drainage for agricultural fields raises tax questions.
As Dennis Pennington of the Michigan State University Extension explains:
“Repairs to existing tile drains are considered cash expenses and can be deducted 100 percent in the year they occur. However, installation of new tile drainage is a capital improvement subject to depreciation.”
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