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If dedicate on improvements of your property which will add to price comes from or extend the lifetime of the property, like an addition of a bathroom or some new appliance, such investment needs to be depreciated over a number of years. wouldn't be deducted in all four of making such investment decision. You should also depreciate the cost of your suite over some time. Remember, land can't be depreciated! I'm sure you see where I'm about. You can hope to patent your own personal invention as well as a whole list of other thi