Revenue ruling · 1974
Rev. Rul. 74-265
Rev. Rul. 74-265
IRS administrative guidance
What it holds
Landscaping and shrubbery planted next to a building, which would be destroyed if the building were replaced, is depreciable rather than land.
Why it matters for your study: Supports treating landscaping and shrubbery planted next to a building as depreciable 15-year land improvement, when replacing the building would destroy it, instead of non-depreciable land.
- Category
- Methodology & procedure
- Applies to
- All property types
- Status
- Vetted
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